Suncor Energy Inc. $SU Shares Sold by Holocene Advisors LP

Holocene Advisors LP reduced its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,046,747 shares of the oil and gas producer’s stock after selling 154,381 shares during the period. Holocene Advisors LP’s holdings in Suncor Energy were worth $43,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Richardson Financial Services Inc. boosted its holdings in Suncor Energy by 64.1% during the third quarter. Richardson Financial Services Inc. now owns 704 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 275 shares in the last quarter. Headlands Technologies LLC purchased a new position in Suncor Energy in the second quarter valued at about $31,000. Hanson & Doremus Investment Management increased its holdings in Suncor Energy by 143.5% in the third quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 465 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Suncor Energy by 95.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 388 shares during the period. Finally, Corsicana & Co. purchased a new stake in shares of Suncor Energy during the 3rd quarter worth approximately $42,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Up 1.7%

SU stock opened at $60.58 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. The company’s 50 day simple moving average is $53.60 and its 200-day simple moving average is $46.25. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $60.67. The firm has a market capitalization of $72.08 billion, a PE ratio of 17.46 and a beta of 0.42.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same period in the previous year, the firm posted $1.25 EPS. Equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s payout ratio is 50.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $46.15 to $54.00 in a report on Tuesday, January 20th. Wall Street Zen downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Zacks Research lowered Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Royal Bank Of Canada raised their price target on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.