Vise Technologies Inc. Purchases 4,098 Shares of Suncor Energy Inc. (NYSE:SU)

Vise Technologies Inc. lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) (TSE:SU) by 53.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,828 shares of the oil and gas producer's stock after purchasing an additional 4,098 shares during the quarter. Vise Technologies Inc.'s holdings in Suncor Energy were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SU. Cambridge Investment Research Advisors Inc. grew its stake in Suncor Energy by 13.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,045 shares of the oil and gas producer's stock valued at $393,000 after acquiring an additional 1,382 shares during the period. HighTower Advisors LLC grew its position in shares of Suncor Energy by 8.9% in the 1st quarter. HighTower Advisors LLC now owns 31,145 shares of the oil and gas producer's stock valued at $1,013,000 after purchasing an additional 2,544 shares during the period. BlackRock Inc. grew its position in shares of Suncor Energy by 41.9% in the 1st quarter. BlackRock Inc. now owns 927,375 shares of the oil and gas producer's stock valued at $30,223,000 after purchasing an additional 273,853 shares during the period. Raymond James Trust N.A. increased its stake in Suncor Energy by 40.4% during the 1st quarter. Raymond James Trust N.A. now owns 12,556 shares of the oil and gas producer's stock worth $409,000 after purchasing an additional 3,610 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Suncor Energy by 20.5% during the 1st quarter. Sei Investments Co. now owns 11,827 shares of the oil and gas producer's stock worth $380,000 after buying an additional 2,015 shares during the period. Institutional investors and hedge funds own 56.82% of the company's stock.

Several research analysts have recently weighed in on the stock. UBS Group initiated coverage on shares of Suncor Energy in a research report on Wednesday, July 12th. They set a "buy" rating for the company. BMO Capital Markets lowered Suncor Energy from an "outperform" rating to a "market perform" rating in a report on Thursday, July 13th. National Bank Financial upgraded Suncor Energy from a "sector perform" rating to an "outperform" rating in a report on Friday, April 28th. Finally, StockNews.com began coverage on Suncor Energy in a research report on Thursday, August 17th. They issued a "hold" rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of "Hold" and a consensus price target of $53.50.

Check Out Our Latest Stock Analysis on SU

Shares of NYSE SU opened at $32.74 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 0.76. The business has a 50-day moving average of $30.12 and a 200-day moving average of $30.78. The stock has a market capitalization of $42.63 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.82 and a beta of 1.28. Suncor Energy Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $37.23.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 1st will be paid a $0.393 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 4.80%. This is an increase from Suncor Energy's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, August 31st. Suncor Energy's dividend payout ratio (DPR) is currently 45.40%.

Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.

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