Nicola Wealth Management LTD. Sells 115,200 Shares of Suncor Energy Inc. (NYSE:SU)

Nicola Wealth Management LTD. trimmed its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 483,822 shares of the oil and gas producer’s stock after selling 115,200 shares during the quarter. Suncor Energy accounts for 1.8% of Nicola Wealth Management LTD.’s holdings, making the stock its 21st largest holding. Nicola Wealth Management LTD.’s holdings in Suncor Energy were worth $17,263,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth $39,000. Stonebridge Financial Group LLC bought a new stake in shares of Suncor Energy during the fourth quarter worth $45,000. UMB Bank n.a. grew its stake in shares of Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Suncor Energy by 50.2% during the fourth quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after buying an additional 570 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SU has been the topic of a number of research reports. Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Price Performance

SU stock opened at $36.25 on Tuesday. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.94 and a beta of 1.12. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 12-month low of $34.12 and a 12-month high of $41.94. The company’s fifty day simple moving average is $38.30 and its 200 day simple moving average is $38.56.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company 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 $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.40%. Suncor Energy’s payout ratio is 45.22%.

Suncor Energy 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.