Suncor Energy Inc. (NYSE:SU) Stock Holdings Lifted by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,456 shares of the oil and gas producer’s stock after acquiring an additional 1,189 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Suncor Energy were worth $551,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SU. Eastern Bank purchased a new stake in shares of Suncor Energy in the third quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its position in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 328 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Suncor Energy in the 3rd quarter worth approximately $49,000. Transamerica Financial Advisors Inc. raised its holdings in shares of Suncor Energy by 2,311.0% during the third 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 acquired a new stake in Suncor Energy during the second quarter valued at $82,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research 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. According to data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Stock Performance

NYSE:SU opened at $39.86 on Wednesday. The firm has a market capitalization of $49.61 billion, a PE ratio of 8.68, a PEG ratio of 2.43 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $31.03 and a 1 year high of $41.94. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $38.07 and its 200 day simple moving average is $38.50.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.4089 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.10%. Suncor Energy’s payout ratio 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.