Suncor Energy Inc. $SU Shares Purchased by Burling Wealth Partners LLC

Burling Wealth Partners LLC raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,570 shares of the oil and gas producer’s stock after acquiring an additional 5,851 shares during the period. Burling Wealth Partners LLC’s holdings in Suncor Energy were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SU. Ascent Group LLC lifted its holdings in shares of Suncor Energy by 4.7% in the 2nd quarter. Ascent Group LLC now owns 5,769 shares of the oil and gas producer’s stock worth $216,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc lifted its stake in Suncor Energy by 27.6% in the second quarter. IFP Advisors Inc now owns 1,428 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 309 shares during the last quarter. Winthrop Capital Management LLC boosted its holdings in shares of Suncor Energy by 2.6% during the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer’s stock valued at $529,000 after acquiring an additional 352 shares during the period. Allworth Financial LP boosted its holdings in shares of Suncor Energy by 29.0% during the second quarter. Allworth Financial LP now owns 2,021 shares of the oil and gas producer’s stock valued at $76,000 after acquiring an additional 454 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Suncor Energy by 67.0% during the first quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 469 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Price Performance

NYSE SU opened at $43.60 on Friday. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $44.70. The firm has a market capitalization of $52.60 billion, a PE ratio of 13.42, a P/E/G ratio of 3.52 and a beta of 0.75. The company’s 50 day simple moving average is $41.05 and its 200 day simple moving average is $39.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company posted $1.48 EPS. As a group, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $2.40 dividend on an annualized basis and a yield of 5.5%. Suncor Energy’s dividend payout ratio is presently 55.74%.

Wall Street Analysts Forecast Growth

SU has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on shares of Suncor Energy in a research report on Friday, October 17th. They issued an “equal weight” rating on the stock. Zacks Research cut Suncor Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Weiss Ratings raised Suncor Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Finally, Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.00.

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.