Pekin Hardy Strauss Inc. Decreases Holdings in Suncor Energy Inc. (NYSE:SU)

Pekin Hardy Strauss Inc. lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,824 shares of the oil and gas producer’s stock after selling 6,642 shares during the period. Suncor Energy comprises 1.0% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 21st largest holding. Pekin Hardy Strauss Inc.’s holdings in Suncor Energy were worth $7,460,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SU. CWM LLC lifted its stake in shares of Suncor Energy by 24.0% in the 3rd quarter. CWM LLC now owns 3,361 shares of the oil and gas producer’s stock valued at $116,000 after purchasing an additional 650 shares in the last quarter. AE Wealth Management LLC grew its stake in Suncor Energy by 8.8% in the third quarter. AE Wealth Management LLC now owns 8,926 shares of the oil and gas producer’s stock worth $307,000 after purchasing an additional 723 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Suncor Energy by 25.8% in the 3rd quarter. IFP Advisors Inc now owns 2,439 shares of the oil and gas producer’s stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 339 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in Suncor Energy by 19.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock worth $66,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of NYSE:SU traded down $1.50 on Tuesday, hitting $38.19. The stock had a trading volume of 3,339,885 shares, compared to its average volume of 4,230,530. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 3.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The firm’s 50 day moving average price is $36.58 and its 200-day moving average price is $33.95. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $39.73.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities research analysts predict that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 4th were paid a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is currently 34.26%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley increased their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.