Courier Capital LLC Has $723,000 Position in Suncor Energy Inc. (NYSE:SU)

Courier Capital LLC lessened its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 19,575 shares of the oil and gas producer’s stock after selling 450 shares during the quarter. Courier Capital LLC’s holdings in Suncor Energy were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Greenleaf Trust lifted its position in shares of Suncor Energy by 13.6% during the 3rd quarter. Greenleaf Trust now owns 11,910 shares of the oil and gas producer’s stock valued at $440,000 after acquiring an additional 1,423 shares during the period. Private Advisor Group LLC lifted its position in shares of Suncor Energy by 5.0% during the 3rd quarter. Private Advisor Group LLC now owns 33,566 shares of the oil and gas producer’s stock valued at $1,239,000 after acquiring an additional 1,604 shares during the period. Waldron Private Wealth LLC acquired a new position in shares of Suncor Energy during the 3rd quarter valued at $49,000. Eastern Bank acquired a new position in shares of Suncor Energy during the 3rd quarter valued at $25,000. Finally, Signaturefd LLC lifted its position in shares of Suncor Energy by 6.5% during the 3rd quarter. Signaturefd LLC now owns 28,267 shares of the oil and gas producer’s stock valued at $1,044,000 after acquiring an additional 1,737 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SU shares. Scotiabank decreased their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Wolfe Research started coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target for the company. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.83.

Suncor Energy Stock Performance

NYSE SU opened at $38.60 on Thursday. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The firm has a market cap of $48.70 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 2.63 and a beta of 1.12. The company has a fifty day moving average price of $38.91 and a 200-day moving average price of $38.74.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Suncor Energy Inc. will post 3.71 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.395 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.58 annualized dividend and a dividend yield of 4.09%. Suncor Energy’s payout ratio is 37.59%.

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.