Suncor Energy Inc. (NYSE:SU) was down 1.9% during mid-day trading on Friday . The company traded as low as $27.85 and last traded at $27.87, with a volume of 1,028,200 shares changing hands. The stock had previously closed at $28.41.

Several equities research analysts have recently weighed in on SU shares. Vetr lowered Suncor Energy from a “sell” rating to a “strong sell” rating and set a $24.69 target price on the stock. in a research report on Thursday, March 17th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Suncor Energy in a research report on Monday, March 21st. JPMorgan Chase & Co. started coverage on Suncor Energy in a research report on Tuesday, March 22nd. They set a “neutral” rating and a $34.00 target price on the stock. Simmons raised their target price on Suncor Energy to $35.00 in a research report on Friday, March 25th. Finally, Zacks Investment Research raised Suncor Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.97.

The firm’s 50-day moving average is $27.46 and its 200 day moving average is $26.00. The company’s market cap is $44.16 billion.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were paid a $0.2289 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Wednesday, June 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.21.

Several hedge funds and institutional investors have added to or reduced their stakes in SU. Vanguard Group Inc. boosted its position in Suncor Energy by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 23,418,989 shares of the company’s stock valued at $604,210,000 after buying an additional 1,574,030 shares during the period. I.G. Investment Management LTD. boosted its position in Suncor Energy by 5.7% in the fourth quarter. I.G. Investment Management LTD. now owns 6,780,797 shares of the company’s stock valued at $175,135,000 after buying an additional 363,655 shares during the period. Wells Fargo & Company MN boosted its position in Suncor Energy by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,913,358 shares of the company’s stock valued at $229,965,000 after buying an additional 311,995 shares during the period. UBS Oconnor LLC acquired a new position in Suncor Energy during the fourth quarter valued at approximately $7,776,000. Finally, Systematic Financial Management LP boosted its position in Suncor Energy by 15.4% in the fourth quarter. Systematic Financial Management LP now owns 660,703 shares of the company’s stock valued at $17,046,000 after buying an additional 88,300 shares during the period.

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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