Suncor Energy Inc. (NYSE:SU) Shares Acquired by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,090 shares of the oil and gas producer’s stock after acquiring an additional 1,587 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Suncor Energy were worth $860,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in Suncor Energy in the third quarter valued at approximately $25,000. Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy in the third quarter valued at $49,000. UMB Bank n.a. raised its holdings in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 300 shares during the period. Transamerica Financial Advisors Inc. lifted its stake in Suncor Energy by 2,311.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,895 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new position in Suncor Energy during the 2nd quarter valued at about $82,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.1 %

NYSE SU opened at $39.02 on Tuesday. Suncor Energy Inc. has a 52 week low of $31.03 and a 52 week high of $41.94. The firm has a 50 day moving average of $38.07 and a two-hundred day moving average of $38.52. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $48.57 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 3.35 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.4089 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is presently 35.08%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.