Gratus Capital LLC maintained its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,950 shares of the oil and gas producer’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in Suncor Energy were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SU. Peapack Gladstone Financial Corp increased its position 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 valued at $405,000 after buying an additional 40 shares during the period. YorkBridge Wealth Partners LLC increased its position 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 valued at $128,000 after buying an additional 42 shares during the period. Financial Architects Inc increased its position in shares of Suncor Energy by 1.4% in the second quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 93 shares during the period. Keybank National Association OH increased its position in shares of Suncor Energy by 0.6% in the first quarter. Keybank National Association OH now owns 18,447 shares of the oil and gas producer’s stock valued at $567,000 after buying an additional 103 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in shares of Suncor Energy by 0.7% in the second quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 64.07% of the company’s stock.

Shares of Suncor Energy Inc. (SU) opened at 31.19 on Thursday. The company has a market cap of $51.76 billion, a PE ratio of 24.48 and a beta of 0.82. The company has a 50 day moving average of $31.22 and a 200 day moving average of $30.94. Suncor Energy Inc. has a 52 week low of $25.70 and a 52 week high of $33.79.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.2552 per share. This represents a $1.02 annualized dividend and a yield of 3.27%. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, August 31st. Suncor Energy ‘s dividend payout ratio is presently 77.87%.

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Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Suncor Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Piper Jaffray Companies lowered their price target on shares of Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. National Bank Financial assumed coverage on shares of Suncor Energy in a report on Tuesday, June 27th. They set an “outperform” rating for the company. Scotiabank downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, June 9th. Finally, AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.86.

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.

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

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