Suncor Energy Inc. $SU is Recurrent Investment Advisors LLC’s 5th Largest Position

Recurrent Investment Advisors LLC lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.9% in the first quarter, HoldingsChannel.com reports. The firm owned 1,515,161 shares of the oil and gas producer’s stock after selling 245,227 shares during the quarter. Suncor Energy comprises 6.1% of Recurrent Investment Advisors LLC’s holdings, making the stock its 5th largest position. Recurrent Investment Advisors LLC’s holdings in Suncor Energy were worth $101,939,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC raised its stake in Suncor Energy by 54.9% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Suncor Energy during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth about $32,000. Accent Capital Management LLC increased its holdings in shares of Suncor Energy by 37.5% in the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 225 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Suncor Energy in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

SU has been the topic of several research analyst reports. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Weiss Ratings downgraded Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. The Goldman Sachs Group lowered shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Friday, June 5th. Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Suncor Energy has an average rating of “Buy” and an average target price of $71.67.

Suncor Energy Stock Performance

Shares of SU stock opened at $64.01 on Wednesday. The stock’s 50-day moving average is $60.68 and its two-hundred day moving average is $59.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The firm has a market cap of $75.58 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.48 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period in the previous year, the firm posted $1.31 earnings per share. Analysts predict that Suncor Energy Inc. will post 7.11 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.7%. Suncor Energy’s payout ratio is 45.67%.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.