Park Avenue Securities LLC Sells 28,206 Shares of Suncor Energy Inc. (NYSE:SU)

Park Avenue Securities LLC decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 58.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,812 shares of the oil and gas producer’s stock after selling 28,206 shares during the period. Park Avenue Securities LLC’s holdings in Suncor Energy were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC raised its stake in Suncor Energy by 4.2% during the 3rd quarter. LPL Financial LLC now owns 255,785 shares of the oil and gas producer’s stock worth $8,794,000 after acquiring an additional 10,251 shares during the period. Mariner LLC lifted its stake in shares of Suncor Energy by 20.9% during the 3rd quarter. Mariner LLC now owns 45,940 shares of the oil and gas producer’s stock valued at $1,579,000 after buying an additional 7,950 shares in the last quarter. Northern Trust Corp boosted its holdings in Suncor Energy by 0.4% in the 3rd quarter. Northern Trust Corp now owns 862,946 shares of the oil and gas producer’s stock worth $29,668,000 after buying an additional 3,288 shares during the period. Synovus Financial Corp increased its stake in Suncor Energy by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 59,669 shares of the oil and gas producer’s stock worth $2,051,000 after buying an additional 8,306 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its holdings in Suncor Energy by 6.1% during the third quarter. Morningstar Investment Services LLC now owns 10,179 shares of the oil and gas producer’s stock valued at $358,000 after acquiring an additional 581 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 1.9 %

Shares of NYSE SU opened at $38.00 on Friday. The stock has a market capitalization of $48.70 billion, a P/E ratio of 8.46, a PEG ratio of 3.58 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $28.26 and a 1-year high of $41.50. The business’s 50 day moving average is $38.77 and its two-hundred day moving average is $35.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.15. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $8.64 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. As a group, research analysts expect that Suncor Energy Inc. will post 3.52 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 4th were paid a dividend of $0.395 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.16%. Suncor Energy’s dividend payout ratio is presently 35.19%.

Analyst Ratings Changes

SU has been the subject of several research analyst reports. Raymond James upgraded Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. TD Securities raised their price objective on Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, The Goldman Sachs Group boosted their target price on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.67.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.