Suncor Energy Inc. (NYSE:SU) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 97.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,465 shares of the oil and gas producer's stock after selling 8,056,411 shares during the period. Assenagon Asset Management S.A.'s holdings in Suncor Energy were worth $8,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Suncor Energy during the second quarter valued at about $26,000. Eastern Bank acquired a new position in Suncor Energy during the 3rd quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Suncor Energy in the second quarter worth $27,000. Richardson Financial Services Inc. lifted its stake in shares of 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 during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of Suncor Energy during the second quarter worth $29,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Shares of SU stock traded down $0.40 during mid-day trading on Tuesday, hitting $38.07. 3,044,952 shares of the stock were exchanged, compared to its average volume of 4,274,203. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The firm has a fifty day moving average of $38.74 and a 200 day moving average of $38.74. The company has a market cap of $48.79 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 2.76 and a beta of 1.12.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating the consensus estimate of $0.76 by $0.51. The company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. Suncor Energy's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Research analysts anticipate that Suncor Energy Inc. will post 3.53 earnings per share for the current year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, September 4th. Suncor Energy's dividend payout ratio is presently 35.86%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SU. Wolfe Research initiated coverage on Suncor Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $68.00 target price for the company. Scotiabank reduced their price objective on Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, July 12th. TD Securities upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research 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 cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.83.

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.