Suncor Energy Inc. (NYSE:SU) Shares Sold by Tacita Capital Inc

Tacita Capital Inc lowered its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,851 shares of the oil and gas producer’s stock after selling 681 shares during the quarter. Tacita Capital Inc’s holdings in Suncor Energy were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its holdings in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Suncor Energy during the fourth quarter worth approximately $39,000. Stonebridge Financial Group LLC bought a new stake in Suncor Energy during the fourth quarter worth approximately $45,000. UMB Bank n.a. boosted its holdings in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SU. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating for the company. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Trading Down 5.3 %

Shares of NYSE:SU opened at $36.25 on Tuesday. The firm has a fifty day moving average of $38.30 and a two-hundred day moving average of $38.56. The firm has a market capitalization of $45.00 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. Suncor Energy Inc. has a 12-month low of $34.12 and a 12-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.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.40%. Suncor Energy’s dividend payout ratio is currently 45.22%.

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.