Goldstein Advisors LLC Invests $595,000 in Suncor Energy Inc. (NYSE:SU)

Goldstein Advisors LLC acquired a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,362 shares of the oil and gas producer's stock, valued at approximately $595,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SU shares. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating on the stock. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

Suncor Energy Trading Down 0.2%

Suncor Energy stock traded down $0.07 during trading on Thursday, hitting $37.90. The company's stock had a trading volume of 5,811,254 shares, compared to its average volume of 4,463,494. The stock has a market capitalization of $46.34 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 3.33 and a beta of 0.79. The stock's fifty day moving average is $36.52 and its 200 day moving average is $36.95. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly 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 during the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, equities research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.4133 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.36%. 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.