17,300 Shares in Suncor Energy Inc. (NYSE:SU) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 17,300 shares of the oil and gas producer's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Investment Group LTD. boosted its position in shares of Suncor Energy by 0.8% during the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after purchasing an additional 262 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Suncor Energy by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock valued at $186,000 after acquiring an additional 281 shares during the last quarter. Blue Trust Inc. increased its position in Suncor Energy by 11.0% during the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock worth $121,000 after purchasing an additional 325 shares in the last quarter. Richardson Financial Services Inc. raised its stake in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. Finally, X Square Capital LLC lifted its holdings in Suncor Energy by 0.5% in the 2nd quarter. X Square Capital LLC now owns 79,664 shares of the oil and gas producer's stock valued at $3,035,000 after purchasing an additional 388 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. TD Securities raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. BMO Capital Markets raised Suncor Energy from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.40.

Suncor Energy Stock Up 1.8 %

NYSE SU traded up $0.68 on Thursday, hitting $39.15. 3,598,646 shares of the stock traded hands, compared to its average volume of 4,313,575. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $39.18 and a 200 day moving average of $38.84. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The company has a market capitalization of $49.26 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.4089 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy's dividend payout ratio is currently 36.82%.

Suncor Energy 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.