Heritage Wealth Management LLC Makes New $756,000 Investment in Suncor Energy Inc. (NYSE:SU)

Heritage Wealth Management LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,610 shares of the oil and gas producer's stock, valued at approximately $756,000.

Several other large investors have also recently made changes to their positions in SU. Arlington Trust Co LLC bought a new stake in shares of Suncor Energy during the 3rd quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in Suncor Energy in the 3rd quarter worth approximately $29,000. Headinvest LLC bought a new stake in Suncor Energy in the 3rd quarter worth approximately $40,000. Bruce G. Allen Investments LLC bought a new stake in Suncor Energy in the 4th quarter worth approximately $46,000. Finally, NBC Securities Inc. bought a new stake in Suncor Energy in the 3rd quarter worth approximately $54,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Shares of NYSE:SU traded up $0.40 during trading on Thursday, hitting $38.05. 2,723,898 shares of the company's stock were exchanged, compared to its average volume of 4,239,377. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $39.73. The business's 50-day simple moving average is $36.77 and its 200 day simple moving average is $34.00. The company has a market cap of $48.98 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 3.37 and a beta of 1.11.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same quarter in the previous year, the business earned $1.33 EPS. As a group, equities analysts predict that Suncor Energy Inc. will post 3.77 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.27%. Suncor Energy's dividend payout ratio is presently 34.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SU. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. Morgan Stanley boosted their target price on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

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.