Suncor Energy Inc. (NYSE:SU) Position Lessened by Atlas Capital Advisors LLC
Atlas Capital Advisors LLC lowered its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 54.2% during the second quarter, HoldingsChannel.com reports. The firm owned 2,768 shares of the oil and gas producer’s stock after selling 3,276 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Suncor Energy were worth $47,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Valeo Financial Advisors LLC raised its stake in shares of Suncor Energy by 28.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,077 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 685 shares in the last quarter. First Horizon Advisors Inc. raised its position in Suncor Energy by 16.4% during the first quarter. First Horizon Advisors Inc. now owns 4,958 shares of the oil and gas producer’s stock valued at $78,000 after acquiring an additional 700 shares in the last quarter. Creative Planning raised its position in Suncor Energy by 4.7% during the second quarter. Creative Planning now owns 19,736 shares of the oil and gas producer’s stock valued at $333,000 after acquiring an additional 881 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Suncor Energy by 2.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 36,866 shares of the oil and gas producer’s stock valued at $582,000 after acquiring an additional 938 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Suncor Energy by 6.0% in the first quarter. WASHINGTON TRUST Co now owns 20,224 shares of the oil and gas producer’s stock worth $319,000 after acquiring an additional 1,137 shares in the last quarter. 66.12% of the stock is currently owned by institutional investors.
Shares of NYSE SU opened at $15.76 on Friday. Suncor Energy Inc. has a 12 month low of $9.60 and a 12 month high of $34.56. The company has a market cap of $24.72 billion, a P/E ratio of 202.63 and a beta of 1.42. The business’s 50 day moving average is $17.00 and its two-hundred day moving average is $20.52. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.1565 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.63 annualized dividend and a dividend yield of 3.97%. Suncor Energy’s payout ratio is presently 28.77%.
Several equities research analysts recently issued reports on the stock. Raymond James reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Wednesday, May 6th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Suncor Energy in a research report on Friday, July 24th. Credit Suisse Group reissued a “buy” rating on shares of Suncor Energy in a report on Thursday. TheStreet lowered Suncor Energy from a “c-” rating to a “d+” rating in a report on Friday, May 15th. Finally, UBS Group upped their target price on Suncor Energy from $24.50 to $42.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and an average price target of $37.11.
Suncor Energy Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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