AMG National Trust Bank Has $375,000 Holdings in Suncor Energy Inc. (NYSE:SU)

AMG National Trust Bank reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 79.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,166 shares of the oil and gas producer’s stock after selling 39,044 shares during the quarter. AMG National Trust Bank’s holdings in Suncor Energy were worth $375,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SU. Cullen Investment Group LTD. lifted its stake in Suncor Energy by 0.8% in the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after buying an additional 262 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Suncor Energy by 6.1% in the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 281 shares during the period. Blue Trust Inc. raised its position in shares of Suncor Energy by 11.0% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after acquiring an additional 325 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 328 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Suncor Energy by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer’s stock worth $104,000 after acquiring an additional 377 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Suncor Energy Stock Up 0.4 %

Shares of NYSE SU opened at $40.98 on Wednesday. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The stock has a market capitalization of $51.70 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 2.79 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $38.56 and its 200-day moving average price is $38.81.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 3.99%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.29%.

About Suncor Energy

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.