Cerity Partners LLC Has $2.79 Million Position in Suncor Energy Inc. (NYSE:SU)

Cerity Partners LLC grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 75.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,121 shares of the oil and gas producer’s stock after purchasing an additional 31,077 shares during the quarter. Cerity Partners LLC’s holdings in Suncor Energy were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hanson & Doremus Investment Management increased its position in Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Suncor Energy during the fourth quarter worth $35,000. Lee Danner & Bass Inc. acquired a new position in Suncor Energy during the 4th quarter valued at $36,000. Finally, Covestor Ltd raised its stake in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of NYSE SU opened at $38.83 on Friday. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 3.39 and a beta of 0.80. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The business has a fifty day simple moving average of $37.73 and a 200 day simple moving average of $37.27. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same quarter in the previous year, the firm posted $1.41 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.4133 dividend. This represents a $1.65 annualized dividend and a yield of 4.26%. The ex-dividend date was Wednesday, June 4th. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is 47.55%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.