Stonehage Fleming Financial Services Holdings Ltd Buys 2,124 Shares of Suncor Energy Inc. (NYSE:SU)

Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 26,939 shares of the oil and gas producer’s stock after acquiring an additional 2,124 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Suncor Energy were worth $961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new position in Suncor Energy in the third quarter valued at approximately $25,000. Waldron Private Wealth LLC bought a new stake in shares of Suncor Energy in the third quarter worth $49,000. UMB Bank n.a. increased its position 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 valued at $50,000 after acquiring an additional 300 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of 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 purchasing an additional 1,895 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Suncor Energy in the second quarter valued at approximately $82,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Down 1.2 %

NYSE SU opened at $38.93 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The business’s 50-day moving average is $38.05 and its 200 day moving average is $38.55. The stock has a market capitalization of $48.45 billion, a PE ratio of 8.48, a PEG ratio of 3.29 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $31.25 and a 1 year high of $41.94.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. 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 4.20%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.08%.

About Suncor Energy

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.