Suncor Energy Inc. (NYSE:SU) Stock Holdings Lessened by Centiva Capital LP

Centiva Capital LP cut its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 84.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,894 shares of the oil and gas producer's stock after selling 36,234 shares during the period. Centiva Capital LP's holdings in Suncor Energy were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cullen Investment Group LTD. raised its position in Suncor Energy by 0.8% in the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after acquiring an additional 262 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock worth $186,000 after purchasing an additional 281 shares in the last quarter. Blue Trust Inc. lifted its stake in Suncor Energy by 11.0% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock valued at $121,000 after purchasing an additional 325 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in 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, X Square Capital LLC boosted its holdings in Suncor Energy by 0.5% during the second quarter. X Square Capital LLC now owns 79,664 shares of the oil and gas producer's stock worth $3,035,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Down 2.5 %

Shares of NYSE:SU traded down $0.96 during mid-day trading on Thursday, hitting $37.19. The stock had a trading volume of 4,435,813 shares, compared to its average volume of 4,317,740. The company's 50 day moving average is $39.27 and its 200-day moving average is $38.77. Suncor Energy Inc. has a 12-month low of $29.53 and a 12-month high of $41.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The company has a market cap of $46.79 billion, a PE ratio of 8.14, a P/E/G ratio of 2.54 and a beta of 1.11.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a $0.4089 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.40%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is presently 36.60%.

Analyst Ratings Changes

SU has been the topic of several research reports. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $56.40.

About Suncor Energy

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.