SeaCrest Wealth Management LLC Acquires Shares of 1,107 Suncor Energy Inc. (NYSE:SU)

SeaCrest Wealth Management LLC acquired a new stake in Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,107 shares of the oil and gas producer’s stock, valued at approximately $39,000.

Several other institutional investors also recently bought and sold shares of the business. Tyler Stone Wealth Management boosted its stake in shares of Suncor Energy by 1.5% in the first quarter. Tyler Stone Wealth Management now owns 20,387 shares of the oil and gas producer’s stock worth $664,000 after acquiring an additional 301 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Suncor Energy by 7.2% in the first quarter. Quadrant Capital Group LLC now owns 4,794 shares of the oil and gas producer’s stock worth $157,000 after acquiring an additional 323 shares during the last quarter. CWM LLC boosted its stake in shares of Suncor Energy by 27.5% in the second quarter. CWM LLC now owns 1,564 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 337 shares during the last quarter. Delta Investment Management LLC boosted its stake in shares of Suncor Energy by 2.0% in the second quarter. Delta Investment Management LLC now owns 17,566 shares of the oil and gas producer’s stock worth $616,000 after acquiring an additional 348 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Suncor Energy by 39.1% in the second quarter. Hexagon Capital Partners LLC now owns 1,735 shares of the oil and gas producer’s stock worth $61,000 after acquiring an additional 488 shares during the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

NYSE:SU opened at $35.18 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.26 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $47.63 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.62 and a beta of 1.31. Suncor Energy Inc. has a 52 week low of $22.22 and a 52 week high of $42.72. The stock’s fifty day moving average is $32.61 and its two-hundred day moving average is $33.97.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be issued a $0.3911 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Thursday, December 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.37. Suncor Energy’s payout ratio is currently 32.80%.

Analyst Ratings Changes

A number of brokerages recently commented on SU. Credit Suisse Group reduced their price objective on Suncor Energy from C$63.00 to C$60.00 in a research report on Monday. National Bank Financial reduced their price objective on Suncor Energy from C$63.00 to C$53.00 in a research report on Friday, September 30th. Scotiabank reduced their price objective on Suncor Energy from C$57.00 to C$56.00 in a research report on Thursday, October 13th. Jefferies Financial Group began coverage on Suncor Energy in a research report on Wednesday, October 19th. They set a “hold” rating on the stock. Finally, StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

About Suncor Energy

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Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

See Also

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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