Suncor Energy Inc. (NYSE:SU) Shares Sold by Portland Global Advisors LLC

Portland Global Advisors LLC trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,998 shares of the oil and gas producer’s stock after selling 811 shares during the quarter. Portland Global Advisors LLC’s holdings in Suncor Energy were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. FIL Ltd raised its position in shares of Suncor Energy by 4.4% during the 1st quarter. FIL Ltd now owns 44,367,061 shares of the oil and gas producer’s stock worth $1,437,901,000 after purchasing an additional 1,862,871 shares during the period. TD Asset Management Inc. raised its position in shares of Suncor Energy by 1.7% during the 1st quarter. TD Asset Management Inc. now owns 38,746,904 shares of the oil and gas producer’s stock worth $1,256,131,000 after purchasing an additional 630,678 shares during the period. Sanders Capital LLC raised its position in shares of Suncor Energy by 6.8% during the 2nd quarter. Sanders Capital LLC now owns 26,178,616 shares of the oil and gas producer’s stock worth $860,790,000 after purchasing an additional 1,662,000 shares during the period. The Manufacturers Life Insurance Company increased its position in Suncor Energy by 1.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 15,714,832 shares of the oil and gas producer’s stock valued at $509,632,000 after acquiring an additional 255,682 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Suncor Energy by 1.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,269,163 shares of the oil and gas producer’s stock valued at $493,469,000 after acquiring an additional 235,869 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

NYSE SU traded down $0.13 on Wednesday, reaching $27.74. 216,191 shares of the stock traded hands, compared to its average volume of 3,367,798. The stock’s fifty day moving average price is $30.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.98. The company has a market capitalization of $43.40 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. Suncor Energy Inc. has a 12 month low of $25.81 and a 12 month high of $42.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.321 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, September 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 62.00%.

SU has been the topic of several analyst reports. Raymond James restated a “buy” rating on shares of Suncor Energy in a research report on Thursday, May 2nd. Mizuho restated an “average” rating and issued a $52.00 target price on shares of Suncor Energy in a research report on Monday, April 22nd. BMO Capital Markets restated a “buy” rating on shares of Suncor Energy in a research report on Monday, June 24th. GMP Securities restated a “hold” rating and issued a $48.00 target price on shares of Suncor Energy in a research report on Tuesday, May 7th. Finally, ValuEngine cut Suncor Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.48.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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