Mediolanum International Funds Ltd Grows Stake in Suncor Energy Inc. (NYSE:SU)

Mediolanum International Funds Ltd boosted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,037 shares of the oil and gas producer's stock after purchasing an additional 26,188 shares during the period. Mediolanum International Funds Ltd's holdings in Suncor Energy were worth $9,741,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Suncor Energy in the 3rd quarter valued at $25,000. Waldron Private Wealth LLC bought a new stake in Suncor Energy in the 3rd quarter valued at about $49,000. UMB Bank n.a. raised its stake in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after buying an additional 300 shares during the period. Transamerica Financial Advisors Inc. boosted its holdings in Suncor Energy by 2,311.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer's stock worth $73,000 after acquiring an additional 1,895 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in Suncor Energy in the second quarter valued at approximately $82,000. 67.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SU. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Morgan Stanley cut shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Suncor Energy Stock Performance

Shares of NYSE:SU traded up $0.67 during trading on Tuesday, hitting $38.23. 4,007,752 shares of the company were exchanged, compared to its average volume of 4,230,533. The stock has a 50 day moving average of $37.72 and a 200 day moving average of $38.54. The company has a market cap of $47.58 billion, a PE ratio of 8.33, a P/E/G ratio of 2.89 and a beta of 1.12. 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 Inc. has a 52-week low of $31.25 and a 52-week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.4089 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Tuesday, December 3rd. Suncor Energy's dividend payout ratio is currently 35.08%.

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.