Bluestein R H & Co. continued to hold its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the first quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the oil and gas producer’s stock at the end of the first quarter. Bluestein R H & Co.’s holdings in Suncor Energy were worth $769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dowling & Yahnke LLC boosted its stake in Suncor Energy by 0.3% in the first quarter. Dowling & Yahnke LLC now owns 10,326 shares of the oil and gas producer’s stock worth $318,000 after buying an additional 31 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Suncor Energy by 0.3% in the first quarter. Peapack Gladstone Financial Corp now owns 13,176 shares of the oil and gas producer’s stock worth $405,000 after buying an additional 40 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Suncor Energy by 1.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,061 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 42 shares during the last quarter. Baldwin Brothers Inc. MA boosted its stake in Suncor Energy by 0.4% in the first quarter. Baldwin Brothers Inc. MA now owns 23,545 shares of the oil and gas producer’s stock worth $724,000 after buying an additional 84 shares during the last quarter. Finally, Marshwinds Advisory Co. boosted its stake in Suncor Energy by 0.3% in the first quarter. Marshwinds Advisory Co. now owns 35,656 shares of the oil and gas producer’s stock worth $1,096,000 after buying an additional 90 shares during the last quarter. Institutional investors own 64.84% of the company’s stock.

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

Shares of Suncor Energy Inc. (SU) traded up 1.36% during trading on Friday, hitting $30.65. 2,789,280 shares of the stock were exchanged. The firm has a 50 day moving average price of $31.28 and a 200 day moving average price of $31.55. Suncor Energy Inc. has a 52 week low of $25.60 and a 52 week high of $33.79. The firm has a market capitalization of $51.16 billion, a P/E ratio of 44.74 and a beta of 0.96.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 5th will be issued a dividend of $0.2371 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, June 1st. Suncor Energy’s dividend payout ratio (DPR) is presently 477.78%.

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A number of research firms have commented on SU. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, April 11th. Canaccord Genuity restated a “buy” rating and issued a $52.00 price target on shares of Suncor Energy in a research report on Saturday, March 11th. TheStreet upgraded shares of Suncor Energy from a “d+” rating to a “c” rating in a research report on Thursday, February 9th. Goldman Sachs Group Inc upgraded shares of Suncor Energy from a “buy” rating to a “conviction-buy” rating and boosted their price target for the company from $25.00 to $34.00 in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Finally, Simmons reduced their price target on shares of Suncor Energy from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.46.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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