First Allied Advisory Services Inc. Reduces Holdings in Suncor Energy Inc. (SU)

First Allied Advisory Services Inc. decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,026 shares of the oil and gas producer’s stock after selling 55 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Suncor Energy were worth $205,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Personal Financial Services grew its holdings in shares of Suncor Energy by 144.1% during the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,270 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Suncor Energy by 13.7% during the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 562 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Suncor Energy by 680.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Suncor Energy by 50.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock worth $186,000 after buying an additional 2,138 shares during the last quarter. Finally, Evercore Wealth Management LLC grew its holdings in shares of Suncor Energy by 7.7% during the second quarter. Evercore Wealth Management LLC now owns 6,675 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 475 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

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A number of research firms recently issued reports on SU. Zacks Investment Research raised Suncor Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. Piper Jaffray Companies lowered their price target on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. BidaskClub raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.36.

Shares of Suncor Energy Inc. (NYSE SU) opened at 33.76 on Friday. The stock’s 50 day moving average is $33.54 and its 200-day moving average is $31.53. The firm has a market capitalization of $56.02 billion, a P/E ratio of 25.38 and a beta of 0.83. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $35.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Tuesday, September 5th were issued a dividend of $0.2552 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, August 31st. Suncor Energy ‘s dividend payout ratio (DPR) is presently 84.43%.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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

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