Montrusco Bolton Investments Inc. Sells 35,744 Shares of Suncor Energy Inc. $SU

Montrusco Bolton Investments Inc. trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581,429 shares of the oil and gas producer’s stock after selling 35,744 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Suncor Energy were worth $24,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership boosted its holdings in Suncor Energy by 38.5% during the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer’s stock worth $1,264,043,000 after purchasing an additional 9,378,552 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Suncor Energy by 49.6% during the 2nd quarter. Fisher Asset Management LLC now owns 8,372,012 shares of the oil and gas producer’s stock worth $313,532,000 after buying an additional 2,777,150 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Suncor Energy by 29.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,555,381 shares of the oil and gas producer’s stock worth $395,649,000 after buying an additional 2,406,000 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Suncor Energy during the second quarter valued at approximately $74,767,000. Finally, Vanguard Group Inc. lifted its holdings in Suncor Energy by 3.1% during the second quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock worth $2,046,442,000 after acquiring an additional 1,632,247 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Zacks Research cut shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Price Performance

Suncor Energy stock opened at $55.70 on Thursday. The firm has a market capitalization of $66.28 billion, a P/E ratio of 16.05 and a beta of 0.46. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $57.13. 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 business has a fifty day moving average price of $49.93 and a 200-day moving average price of $44.53.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. Suncor Energy had a return on equity of 12.51% and a net margin of 11.99%.During the same period in the previous year, the company posted $1.25 EPS. As a group, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a yield of 4.3%. Suncor Energy’s payout ratio is currently 49.57%.

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.