World Investment Advisors Sells 3,301 Shares of Suncor Energy Inc. $SU

World Investment Advisors lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 28,068 shares of the oil and gas producer’s stock after selling 3,301 shares during the period. World Investment Advisors’ holdings in Suncor Energy were worth $1,051,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp raised its stake in Suncor Energy by 18.6% during the first quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer’s stock worth $595,398,000 after buying an additional 2,410,857 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Suncor Energy by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer’s stock worth $481,135,000 after buying an additional 5,658,880 shares during the last quarter. Acadian Asset Management LLC raised its stake in Suncor Energy by 12,290.9% during the first quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer’s stock worth $480,760,000 after buying an additional 12,318,559 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Suncor Energy by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer’s stock worth $436,459,000 after buying an additional 290,900 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Suncor Energy by 27.6% in the first quarter. Canada Pension Plan Investment Board now owns 8,149,381 shares of the oil and gas producer’s stock valued at $315,597,000 after purchasing an additional 1,763,146 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.2%

NYSE:SU opened at $39.81 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a 50-day moving average of $40.81 and a 200-day moving average of $38.72. The company has a market cap of $48.02 billion, a PE ratio of 12.25, a PEG ratio of 3.52 and a beta of 0.78. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $43.48.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same period in the previous year, the firm posted $1.27 earnings per share. As a group, equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.4135 per share. The ex-dividend date of this dividend was Thursday, September 4th. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. Suncor Energy’s payout ratio is presently 50.77%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SU. Wells Fargo & Company began coverage on shares of Suncor Energy in a research note on Friday, October 17th. They issued an “equal weight” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Suncor Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Suncor Energy in a research note on Friday, October 3rd. Finally, Zacks Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

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.