Suncor Energy (NYSE:SU) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Suncor Energy (NYSE:SU) (TSE:SU) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

SU has been the subject of several other reports. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Price Performance

Shares of SU opened at $38.66 on Tuesday. The company has a market cap of $48.11 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. Suncor Energy has a twelve month low of $33.26 and a twelve month high of $41.94. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $38.06 and a two-hundred day moving average of $38.66.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, analysts predict that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.13%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.22%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HHM Wealth Advisors LLC raised its position in shares of Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 325 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Suncor Energy in the fourth quarter worth about $35,000. Lee Danner & Bass Inc. acquired a new position in shares of Suncor Energy in the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth about $39,000. Finally, Covestor Ltd raised its position in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

About Suncor Energy

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.