Hillsdale Investment Management Inc. Has $36.75 Million Stock Holdings in Suncor Energy Inc. $SU

Hillsdale Investment Management Inc. boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 217.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 826,617 shares of the oil and gas producer’s stock after buying an additional 566,195 shares during the quarter. Suncor Energy comprises 1.0% of Hillsdale Investment Management Inc.’s holdings, making the stock its 21st largest holding. Hillsdale Investment Management Inc.’s holdings in Suncor Energy were worth $36,754,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC grew its holdings in Suncor Energy by 54.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares during the period. Headlands Technologies LLC bought a new position in shares of Suncor Energy during the second quarter worth $31,000. Smartleaf Asset Management LLC boosted its position in shares of Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 388 shares in the last quarter. Accent Capital Management LLC boosted its position in shares of Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Suncor Energy during the fourth quarter worth $39,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Down 1.5%

Shares of NYSE:SU opened at $62.34 on Friday. The company’s 50-day moving average price is $65.25 and its two-hundred day moving average price is $55.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a one year low of $35.29 and a one year high of $70.29. The stock has a market capitalization of $73.60 billion, a PE ratio of 16.36 and a beta of 0.31.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.The business had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period last year, the firm earned $1.31 earnings per share. On average, equities analysts forecast that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.9%. Suncor Energy’s payout ratio is 46.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SU shares. Zacks Research raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Weiss Ratings raised shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on shares of Suncor Energy from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $72.00.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.