Heritage Family Offices LLP Has $694,000 Stock Position in Suncor Energy Inc. (NYSE:SU)

Heritage Family Offices LLP trimmed its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.0% in the first quarter, Holdings Channel.com reports. The firm owned 17,919 shares of the oil and gas producer’s stock after selling 2,213 shares during the quarter. Heritage Family Offices LLP’s holdings in Suncor Energy were worth $694,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SU. Covestor Ltd grew its stake in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 256 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Suncor Energy by 2.2% in the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock worth $443,000 after acquiring an additional 265 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Suncor Energy by 0.3% in the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer’s stock worth $3,408,000 after acquiring an additional 265 shares during the last quarter. X Square Capital LLC grew its stake in shares of Suncor Energy by 0.3% in the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock worth $2,951,000 after acquiring an additional 267 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its stake in shares of Suncor Energy by 2.0% in the fourth quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer’s stock worth $547,000 after acquiring an additional 302 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SU shares. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Suncor Energy Price Performance

Suncor Energy stock opened at $36.68 on Tuesday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The business’s fifty day moving average is $35.27 and its two-hundred day moving average is $37.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a market cap of $45.22 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. The business had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy’s dividend payout ratio is 45.53%.

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.