Suncor Energy Inc. (NYSE:SU) Shares Sold by AMG National Trust Bank

AMG National Trust Bank trimmed its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 79.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,166 shares of the oil and gas producer’s stock after selling 39,044 shares during the period. AMG National Trust Bank’s holdings in Suncor Energy were worth $375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Trust Co. of Vermont bought a new stake in shares of Suncor Energy during the 2nd quarter valued at about $26,000. Eastern Bank bought a new stake in Suncor Energy during the third quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Suncor Energy in the second quarter worth approximately $27,000. Richardson Financial Services Inc. grew its holdings in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 328 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in Suncor Energy in the second quarter worth about $29,000. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SU shares. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.40.

Suncor Energy Price Performance

Shares of SU stock opened at $40.98 on Wednesday. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94. The company has a market capitalization of $51.70 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.79 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $38.56 and a two-hundred day moving average of $38.81.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.4089 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 3.99%. Suncor Energy’s payout ratio is currently 35.29%.

Suncor Energy Company 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.