Burling Wealth Partners LLC Buys 12,579 Shares of Suncor Energy Inc. (NYSE:SU)

Burling Wealth Partners LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 52.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,719 shares of the oil and gas producer's stock after buying an additional 12,579 shares during the quarter. Burling Wealth Partners LLC's holdings in Suncor Energy were worth $1,422,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SU. Hanson & Doremus Investment Management grew its holdings in Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 465 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter worth $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the 4th quarter worth $36,000. Finally, Covestor Ltd grew its position in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and an average price target of $67.00.

Suncor Energy Price Performance

SU stock traded down $0.06 during trading on Thursday, hitting $39.09. The company had a trading volume of 3,177,956 shares, compared to its average volume of 4,477,701. The company has a fifty day moving average price of $37.56 and a two-hundred day moving average price of $37.22. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market cap of $47.80 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.36 and a beta of 0.80. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its 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. The company had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same quarter in the previous year, the company earned $1.41 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, June 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is 47.84%.

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.