7,005 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,005 shares of the oil and gas producer’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 worth $4,169,000 after purchasing an additional 321 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Suncor Energy by 14.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 22,981 shares of the oil and gas producer’s stock worth $820,000 after buying an additional 2,885 shares during the period. FNY Investment Advisers LLC purchased a new position in Suncor Energy during the 4th quarter worth approximately $107,000. 180 Wealth Advisors LLC lifted its stake in Suncor Energy by 8.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer’s stock valued at $551,000 after acquiring an additional 1,189 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after acquiring an additional 3,225,543 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on SU shares. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Scotiabank raised shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating for the company. Finally, Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.20.

Suncor Energy Stock Up 2.1 %

Shares of NYSE:SU opened at $34.97 on Friday. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market cap of $43.12 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.94 and a beta of 0.79. The firm has a fifty day moving average price of $35.59 and a 200 day moving average price of $37.41.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.73%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.24%.

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.