TrueMark Investments LLC Purchases New Shares in Suncor Energy Inc. (NYSE:SU)

TrueMark Investments LLC purchased a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,472 shares of the oil and gas producer's stock, valued at approximately $1,064,000.

A number of other large investors also recently added to or reduced their stakes in the stock. 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 period. Salem Investment Counselors Inc. lifted its stake in Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 405 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy in the 4th quarter worth about $35,000. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the 4th quarter worth about $36,000. Finally, Covestor Ltd increased its stake 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 worth $39,000 after buying an additional 256 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

NYSE:SU opened at $40.17 on Monday. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The stock has a market cap of $49.11 billion, a PE ratio of 11.58, a P/E/G ratio of 3.49 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a 50 day moving average price of $36.23 and a 200 day moving average price of $36.93.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The company had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. During the same period in the prior year, the business earned $1.41 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.4133 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.12%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is currently 47.84%.

Wall Street Analysts Forecast Growth

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

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.

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