Heartland Advisors Inc. Sells 1,272 Shares of Suncor Energy Inc. (NYSE:SU)

Heartland Advisors Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,652 shares of the oil and gas producer’s stock after selling 1,272 shares during the quarter. Heartland Advisors Inc.’s holdings in Suncor Energy were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC increased its stake in shares of 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 worth $30,000 after acquiring an additional 325 shares during the period. Crowley Wealth Management Inc. purchased a new position in Suncor Energy in the fourth quarter worth approximately $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at $39,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

SU has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Bank of America assumed coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy Stock Down 0.7 %

Shares of SU stock opened at $38.36 on Friday. The company has a market capitalization of $47.45 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11. The stock’s 50 day simple moving average is $38.13 and its 200 day simple moving average is $38.16. Suncor Energy Inc. has a twelve month low of $33.81 and a twelve month high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is presently 45.51%.

Suncor Energy Company 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.