Golden State Wealth Management LLC raised its holdings in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 100.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,188 shares of the oil and gas producer’s stock after acquiring an additional 1,094 shares during the period. Golden State Wealth Management LLC’s holdings in Suncor Energy were worth $85,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its position in Suncor Energy by 143.5% during the first 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 in the last quarter. Salem Investment Counselors Inc. grew its position in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy during the fourth quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter worth about $36,000. Finally, Covestor Ltd grew its position in Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Suncor Energy Trading Down 0.4%
Shares of SU stock opened at $37.45 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $36.71 and a two-hundred day moving average price of $36.94. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The firm has a market cap of $45.79 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 3.27 and a beta of 0.79.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.4133 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.41%. 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 payout ratio is 47.84%.
Analyst Ratings Changes
Several research firms recently commented on SU. Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Scotiabank raised Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of $64.67.
View Our Latest Stock Analysis on Suncor Energy
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.
Recommended Stories
- Five stocks we like better than Suncor Energy
- The Role Economic Reports Play in a Successful Investment Strategy
- Tesla’s Robotaxi Hype Fuels Bullish Price Targets to $500
- What is the S&P 500 and How It is Distinct from Other Indexes
- Value vs Growth Ratio Hits Cycle Low—Top Value Picks to Buy
- Do ETFs Pay Dividends? What You Need to Know
- Biotech Catalyst Alert: NKTR, CDTX & WGS Rallying With Big Gains
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.