OneDigital Investment Advisors LLC Has $1.02 Million Position in Suncor Energy Inc. (NYSE:SU)

OneDigital Investment Advisors LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 137.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,611 shares of the oil and gas producer's stock after acquiring an additional 15,991 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Suncor Energy were worth $1,019,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Eastern Bank bought a new stake in shares of Suncor Energy during the third quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in Suncor Energy in the 2nd quarter valued at $26,000. Summit Securities Group LLC bought a new position in Suncor Energy during the 2nd quarter worth $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after buying an additional 328 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Suncor Energy in the second quarter valued at about $29,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SU. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. BMO Capital Markets upgraded Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. TD Securities raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th. Finally, Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.40.

Suncor Energy Price Performance

Shares of SU stock traded up $0.16 on Tuesday, hitting $40.98. 3,156,984 shares of the company's stock were exchanged, compared to its average volume of 4,266,614. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company has a 50 day moving average of $38.47 and a 200 day moving average of $38.79. The stock has a market cap of $51.70 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 3.99%. Suncor Energy's dividend payout ratio is 35.29%.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, 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.