DORCHESTER WEALTH MANAGEMENT Co Sells 896 Shares of Suncor Energy Inc. (NYSE:SU)

DORCHESTER WEALTH MANAGEMENT Co cut its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 386,750 shares of the oil and gas producer’s stock after selling 896 shares during the period. Suncor Energy makes up 2.6% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 11th biggest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Suncor Energy were worth $13,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Securities Inc. boosted its stake in shares of Suncor Energy by 2.2% during the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock valued at $443,000 after purchasing an additional 265 shares in the last quarter. UMB Bank n.a. boosted its stake in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock valued at $4,169,000 after acquiring an additional 321 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Suncor Energy by 62.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in Suncor Energy by 11.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer’s stock valued at $112,000 after acquiring an additional 333 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 1.8 %

NYSE:SU opened at $39.46 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $37.95 and a 200-day simple moving average of $38.67. Suncor Energy Inc. has a 12 month low of $33.26 and a 12 month high of $41.94. The company has a market capitalization of $49.11 billion, a P/E ratio of 11.44, a PEG ratio of 2.94 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio (DPR) is presently 46.67%.

Analyst Ratings Changes

SU has been the subject of several recent analyst reports. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.