World Investment Advisors Acquires 7,059 Shares of Suncor Energy Inc. (NYSE:SU)

World Investment Advisors increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 29.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,369 shares of the oil and gas producer's stock after purchasing an additional 7,059 shares during the quarter. World Investment Advisors' holdings in Suncor Energy were worth $1,215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its holdings in shares of 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 worth $31,000 after buying an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its position in 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 period. Crowley Wealth Management Inc. purchased a new position in Suncor Energy in the fourth quarter valued at about $35,000. Lee Danner & Bass Inc. bought a new position in shares of Suncor Energy during the 4th quarter valued at approximately $36,000. Finally, Covestor Ltd increased its stake in shares of 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 purchasing an additional 256 shares during the last quarter. 67.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SU has been the subject of several research reports. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four 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 data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and a consensus price target of $64.67.

Suncor Energy Price Performance

NYSE SU traded up $0.07 during trading hours on Thursday, hitting $39.30. The company had a trading volume of 1,977,124 shares, compared to its average volume of 4,459,569. 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 firm has a market capitalization of $48.04 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 3.37 and a beta of 0.80. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The firm has a 50 day simple moving average of $37.11 and a 200 day simple moving average of $37.07.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm 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 period in the prior year, the firm posted $1.41 earnings per share. Equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.4133 dividend. This represents a $1.65 annualized dividend and a yield of 4.21%. This is an increase 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 (DPR) is presently 47.84%.

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.