Sanders Capital LLC lifted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,053,660 shares of the oil and gas producer's stock after purchasing an additional 136,579 shares during the quarter. Suncor Energy accounts for about 3.1% of Sanders Capital LLC's holdings, making the stock its 10th largest holding. Sanders Capital LLC owned approximately 4.60% of Suncor Energy worth $2,143,341,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Investment Group LTD. lifted its stake in shares of Suncor Energy by 0.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock valued at $1,222,000 after acquiring an additional 262 shares during the last quarter. First Horizon Advisors Inc. raised its position in Suncor Energy by 6.1% during the 2nd 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 last quarter. Blue Trust Inc. raised 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 valued at $121,000 after purchasing an additional 325 shares during the last quarter. Richardson Financial Services Inc. raised its position in 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 valued at $28,000 after purchasing an additional 328 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Suncor Energy by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer's stock worth $104,000 after acquiring an additional 377 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on SU shares. TD Securities raised Suncor Energy from a "hold" rating to a "buy" rating in a research report 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. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and an average price target of $56.40.
Read Our Latest Stock Report on Suncor Energy
Suncor Energy Stock Down 2.7 %
SU traded down $1.11 during trading on Tuesday, hitting $39.55. 7,031,366 shares of the company's stock traded hands, compared to its average volume of 4,282,919. The company's 50 day simple moving average is $38.98 and its two-hundred day simple moving average is $38.86. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The stock has a market capitalization of $49.76 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 2.74 and a beta of 1.12.
Suncor Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a yield of 4.14%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is currently 36.60%.
Suncor Energy Profile
(
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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