Corient Private Wealth LLC Sells 238,141 Shares of Suncor Energy Inc. $SU

Corient Private Wealth LLC cut its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 482,627 shares of the oil and gas producer’s stock after selling 238,141 shares during the period. Corient Private Wealth LLC’s holdings in Suncor Energy were worth $21,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SU. Atlantic Edge Private Wealth Management LLC lifted its stake in Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 225 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in Suncor Energy in the 4th quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter worth $31,000. Accent Capital Management LLC raised 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 valued at $37,000 after purchasing an additional 225 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Suncor Energy during the fourth quarter worth about $39,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 1.5%

NYSE:SU opened at $56.15 on Tuesday. Suncor Energy Inc. has a one year low of $37.22 and a one year high of $70.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market cap of $66.30 billion, a PE ratio of 14.74 and a beta of 0.27. The firm’s 50 day simple moving average is $63.90 and its 200 day simple moving average is $56.97.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same quarter last year, the company posted $1.31 earnings per share. On average, research analysts anticipate that Suncor Energy Inc. will post 7.07 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 4.3%. Suncor Energy’s dividend payout ratio is presently 45.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Weiss Ratings lowered Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Friday, June 5th. Finally, Royal Bank Of Canada boosted their target price on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

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.