HighTower Advisors LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,039 shares of the oil and gas producer’s stock after selling 98 shares during the period. HighTower Advisors LLC’s holdings in Suncor Energy were worth $3,446,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Dowling & Yahnke LLC increased its stake in shares of Suncor Energy by 0.3% in the first quarter. Dowling & Yahnke LLC now owns 10,326 shares of the oil and gas producer’s stock worth $318,000 after buying an additional 31 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of Suncor Energy by 0.3% in the first quarter. Peapack Gladstone Financial Corp now owns 13,176 shares of the oil and gas producer’s stock worth $405,000 after buying an additional 40 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Suncor Energy by 1.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,061 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 42 shares during the period. Baldwin Brothers Inc. MA increased its stake in shares of Suncor Energy by 0.4% in the first quarter. Baldwin Brothers Inc. MA now owns 23,545 shares of the oil and gas producer’s stock worth $724,000 after buying an additional 84 shares during the period. Finally, Marshwinds Advisory Co. increased its stake in shares of Suncor Energy by 0.3% in the first quarter. Marshwinds Advisory Co. now owns 35,656 shares of the oil and gas producer’s stock worth $1,096,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.
Shares of Suncor Energy Inc. (SU) traded up 0.80% during midday trading on Friday, hitting $29.05. The stock had a trading volume of 2,264,243 shares. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79. The firm’s 50 day moving average price is $31.09 and its 200 day moving average price is $31.46. The firm has a market cap of $48.49 billion, a price-to-earnings ratio of 41.50 and a beta of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 5th will be given a dividend of $0.2371 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, June 1st. Suncor Energy ‘s payout ratio is presently 141.79%.
A number of brokerages have issued reports on SU. Scotiabank downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. Simmons decreased their price objective on Suncor Energy from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) upgraded Suncor Energy from a “buy” rating to a “conviction-buy” rating and upped their price objective for the company from $25.00 to $34.00 in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, April 11th. Finally, Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Suncor Energy in a research report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $42.49.
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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