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

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

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Suncor Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock worth $1,892,526,000 after buying an additional 323,714 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock worth $865,885,000 after buying an additional 169,700 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Suncor Energy by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock worth $831,631,000 after buying an additional 209,447 shares during the period. Toronto Dominion Bank increased its holdings in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after purchasing an additional 552,018 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after purchasing an additional 6,311,513 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU traded down $0.26 during mid-day trading on Friday, reaching $38.83. 3,205,791 shares of the company traded hands, compared to its average volume of 4,486,389. The stock has a market capitalization of $47.47 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.37 and a beta of 0.80. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The company's fifty day moving average price is $37.73 and its 200-day moving average price is $37.28. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the previous year, the business earned $1.41 EPS. On average, sell-side analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.4133 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.26%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy's dividend payout ratio is 47.84%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

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.