630,301 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 630,301 shares of the oil and gas producer's stock, valued at approximately $23,286,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Suncor Energy by 5.1% in the second quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer's stock valued at $956,850,000 after buying an additional 1,209,073 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Suncor Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer's stock worth $878,131,000 after acquiring an additional 366,432 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Suncor Energy by 3.4% during the 2nd quarter. Toronto Dominion Bank now owns 18,212,767 shares of the oil and gas producer's stock worth $693,906,000 after purchasing an additional 605,833 shares during the period. CIBC Asset Management Inc increased its holdings in Suncor Energy by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer's stock valued at $516,728,000 after purchasing an additional 180,533 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Suncor Energy by 23.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock valued at $357,827,000 after purchasing an additional 1,829,936 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

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

Suncor Energy Stock Down 0.9 %

Shares of SU traded down $0.33 during mid-day trading on Tuesday, reaching $37.86. The company's stock had a trading volume of 3,785,579 shares, compared to its average volume of 4,316,889. The company's 50 day moving average is $39.29 and its 200 day moving average is $38.79. The stock has a market cap of $47.63 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

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 given a $0.4089 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.32%. Suncor Energy's payout ratio is 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.