Vise Technologies Inc. Raises Holdings in Suncor Energy Inc. (NYSE:SU)

Vise Technologies Inc. grew its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 67.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,673 shares of the oil and gas producer's stock after purchasing an additional 22,753 shares during the period. Vise Technologies Inc.'s holdings in Suncor Energy were worth $2,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SU. Merit Financial Group LLC purchased a new stake in shares of Suncor Energy during the 4th quarter valued at $295,000. UMB Bank n.a. increased its position in shares of Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $264,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Suncor Energy by 8.6% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,939 shares of the oil and gas producer's stock valued at $961,000 after acquiring an additional 2,124 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Suncor Energy by 87.5% in the 4th quarter. Blue Trust Inc. now owns 9,599 shares of the oil and gas producer's stock valued at $354,000 after acquiring an additional 4,479 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Down 0.1%

SU stock traded down $0.02 during midday trading on Tuesday, hitting $35.69. The company's stock had a trading volume of 2,617,362 shares, compared to its average volume of 4,480,808. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The firm has a market capitalization of $44.01 billion, a P/E ratio of 10.34, a PEG ratio of 2.94 and a beta of 0.79. The firm has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $37.19.

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, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy's dividend payout ratio is 45.53%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SU shares. Bank of America started coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

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.