Orion Portfolio Solutions LLC raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 38.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,967 shares of the oil and gas producer's stock after buying an additional 24,713 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Suncor Energy were worth $3,285,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Investment Group LTD. lifted its stake 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 valued at $1,222,000 after buying an additional 262 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Suncor Energy by 6.1% in 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 purchasing an additional 281 shares during the period. Blue Trust Inc. increased its holdings in shares of Suncor Energy by 11.0% in 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 period. Richardson Financial Services Inc. increased its holdings in shares of Suncor Energy by 82.8% in the second 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 period. Finally, X Square Capital LLC increased its holdings in shares of Suncor Energy by 0.5% in the second 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 during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.
Suncor Energy Price Performance
SU traded up $0.33 during trading on Wednesday, reaching $38.17. 3,855,428 shares of the stock were exchanged, compared to its average volume of 4,317,242. The business's 50 day moving average price is $39.28 and its two-hundred day moving average price is $38.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company has a market capitalization of $48.02 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.54 and a beta of 1.11. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94.
Suncor Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.4089 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy's dividend payout ratio is currently 36.82%.
Analysts Set New Price Targets
SU has been the topic of a number of recent 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 report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus target price of $56.40.
Read Our Latest Stock Report on Suncor Energy
Suncor Energy Company Profile
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Free Report)
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.
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