Sawyer & Company Inc purchased a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 38,015 shares of the oil and gas producer’s stock, valued at approximately $1,396,000.
Several other hedge funds have also made changes to their positions in the stock. TD Asset Management Inc. increased its holdings in Suncor Energy by 0.7% during the 3rd quarter. TD Asset Management Inc. now owns 42,887,135 shares of the oil and gas producer’s stock worth $1,499,561,000 after acquiring an additional 311,429 shares during the period. Vanguard Group Inc. increased its holdings in Suncor Energy by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 40,423,181 shares of the oil and gas producer’s stock worth $1,180,357,000 after acquiring an additional 1,892,375 shares during the period. Dodge & Cox increased its holdings in shares of Suncor Energy by 7.6% in the 2nd quarter. Dodge & Cox now owns 36,821,800 shares of the oil and gas producer’s stock worth $1,075,197,000 after buying an additional 2,587,900 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Suncor Energy by 3.6% in the 2nd quarter. BlackRock Inc. now owns 24,405,196 shares of the oil and gas producer’s stock worth $712,632,000 after buying an additional 848,549 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Suncor Energy by 1.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 12,881,423 shares of the oil and gas producer’s stock worth $450,100,000 after buying an additional 157,842 shares during the last quarter. Institutional investors own 65.54% of the company’s stock.
Suncor Energy Inc. (NYSE SU) traded up $0.12 during mid-day trading on Thursday, hitting $37.59. 3,319,322 shares of the company traded hands, compared to its average volume of 2,455,257. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91. Suncor Energy Inc. has a 52 week low of $27.96 and a 52 week high of $38.39. The company has a market cap of $61,920.00, a price-to-earnings ratio of 21.85, a P/E/G ratio of 3.14 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a dividend of $0.251 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.19. Suncor Energy’s dividend payout ratio (DPR) is currently 58.72%.
A number of brokerages have recently commented on SU. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Thursday, November 16th. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Morgan Stanley increased their price target on shares of Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $51.00 price target on shares of Suncor Energy in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.14.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based 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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