Brown Advisory Inc. Sells 59,323 Shares of Suncor Energy Inc. $SU

Brown Advisory Inc. lowered its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,252,060 shares of the oil and gas producer’s stock after selling 59,323 shares during the quarter. Brown Advisory Inc. owned approximately 0.27% of Suncor Energy worth $144,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SU. Atlantic Edge Private Wealth Management LLC grew 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 worth $28,000 after purchasing an additional 225 shares in the last quarter. Headlands Technologies LLC bought a new position in Suncor Energy in the second quarter worth approximately $31,000. 1 North Wealth Services LLC bought a new position in Suncor Energy in the fourth quarter worth approximately $32,000. Smartleaf Asset Management LLC grew its stake in Suncor Energy by 95.8% in the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 388 shares in the last quarter. Finally, Accent Capital Management LLC grew its stake in Suncor Energy by 37.5% in the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Friday, June 5th. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Suncor Energy Stock Performance

Shares of NYSE:SU opened at $61.56 on Friday. The company has a market capitalization of $72.69 billion, a price-to-earnings ratio of 16.16 and a beta of 0.27. Suncor Energy Inc. has a 52 week low of $37.22 and a 52 week high of $70.29. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $64.94 and a 200 day moving average of $56.36.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The business had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period last year, the firm earned $1.31 EPS. On average, sell-side analysts predict that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. Suncor Energy’s payout ratio is 45.41%.

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.