Natixis Advisors LLC Has $42.97 Million Stake in Suncor Energy Inc. (NYSE:SU)

Natixis Advisors LLC lifted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,163,787 shares of the oil and gas producer's stock after acquiring an additional 206,992 shares during the period. Natixis Advisors LLC owned 0.09% of Suncor Energy worth $42,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Trust Co. of Vermont bought a new stake in Suncor Energy in the second quarter worth approximately $26,000. Eastern Bank acquired a new position in shares of Suncor Energy in the 3rd quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. increased its position in shares of Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 328 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter worth about $29,000. 67.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up $0.33 during trading on Monday, reaching $40.81. The company's stock had a trading volume of 3,850,225 shares, compared to its average volume of 4,271,865. The business's 50-day moving average price is $38.40 and its 200-day moving average price is $38.77. The firm has a market cap of $51.49 billion, a PE ratio of 8.82, a P/E/G ratio of 2.87 and a beta of 1.12. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 36.60%.

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.