Segall Bryant & Hamill LLC Sells 3,142 Shares of Suncor Energy Inc. (NYSE:SU)

Segall Bryant & Hamill LLC decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,305 shares of the oil and gas producer’s stock after selling 3,142 shares during the period. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $12,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SU. Eastern Bank purchased a new position in Suncor Energy in the 3rd quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of Suncor Energy during the second quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new position in Suncor Energy during the second quarter valued at $27,000. Richardson Financial Services Inc. boosted its stake in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Suncor Energy in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 0.4 %

SU stock opened at $40.83 on Thursday. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The firm’s fifty day moving average is $38.66 and its 200 day moving average is $38.82. The firm has a market cap of $51.37 billion, a PE ratio of 8.90, a P/E/G ratio of 2.83 and a beta of 1.12.

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. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. Suncor Energy’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. TD Securities raised shares of 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. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.40.

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.