Stonehage Fleming Financial Services Holdings Ltd Increases Stock Position in Suncor Energy Inc. (NYSE:SU)

Stonehage Fleming Financial Services Holdings Ltd boosted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,939 shares of the oil and gas producer’s stock after purchasing an additional 2,124 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Suncor Energy were worth $961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Suncor Energy in the 4th quarter worth approximately $264,000. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Suncor Energy by 7.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 24,090 shares of the oil and gas producer’s stock worth $860,000 after acquiring an additional 1,587 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares in the last quarter. Nexus Investment Management ULC grew its position in shares of Suncor Energy by 0.5% in the fourth quarter. Nexus Investment Management ULC now owns 519,355 shares of the oil and gas producer’s stock valued at $18,496,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Suncor Energy by 2.6% during the fourth quarter. Arkadios Wealth Advisors now owns 19,079 shares of the oil and gas producer’s stock worth $681,000 after purchasing an additional 487 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Trading Down 1.2 %

Suncor Energy stock opened at $38.93 on Monday. The firm has a 50-day moving average price of $38.05 and a two-hundred day moving average price of $38.55. 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 firm has a market capitalization of $48.45 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 3.29 and a beta of 1.12. Suncor Energy Inc. has a 52-week low of $31.25 and a 52-week high of $41.94.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.20%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 35.08%.

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.