Davis Rea Ltd. boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,666 shares of the oil and gas producer’s stock after buying an additional 896 shares during the period. Davis Rea Ltd.’s holdings in Suncor Energy were worth $516,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SU. Dowling & Yahnke LLC increased its stake in shares of 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 in the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of 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 in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of 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 in the last quarter. Baldwin Brothers Inc. MA increased its stake in shares of 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 in the last quarter. Finally, Marshwinds Advisory Co. increased its stake in shares of 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 in the last quarter. Institutional investors own 65.62% of the company’s stock.

Suncor Energy Inc. (SU) opened at 32.77 on Thursday. The company has a market cap of $54.38 billion, a PE ratio of 25.44 and a beta of 0.82. Suncor Energy Inc. has a one year low of $25.70 and a one year high of $33.79. The stock has a 50 day moving average of $30.42 and a 200 day moving average of $30.92.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Tuesday, September 5th will be paid a $0.2552 dividend. The ex-dividend date is Thursday, August 31st. This is a positive change from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.11%. Suncor Energy ‘s payout ratio is currently 77.87%.

Suncor Energy announced that its Board of Directors has initiated a share buyback program on Wednesday, April 26th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the oil and gas producer to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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A number of brokerages recently weighed in on SU. BidaskClub raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $52.00 target price (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.10.

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

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