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

Assenagon Asset Management S.A. grew its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,324.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,469,008 shares of the oil and gas producer's stock after purchasing an additional 3,225,543 shares during the period. Assenagon Asset Management S.A. owned 0.28% of Suncor Energy worth $123,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new stake in Suncor Energy in the 3rd quarter worth about $25,000. Richardson Financial Services Inc. lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 328 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy in the third quarter worth approximately $49,000. Transamerica Financial Advisors Inc. grew 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 valued at $73,000 after purchasing an additional 1,895 shares during the period. Finally, Mattson Financial Services LLC purchased a new stake in Suncor Energy in the second quarter valued at approximately $82,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Suncor Energy Stock Up 0.8 %

Shares of SU stock traded up $0.33 during trading hours on Wednesday, reaching $40.10. The company had a trading volume of 4,162,708 shares, compared to its average volume of 4,517,868. The company has a market capitalization of $49.91 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a twelve month low of $31.03 and a twelve month high of $41.94. The stock's fifty day simple moving average is $38.07 and its 200 day simple moving average is $38.50.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. 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 dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's payout ratio is presently 35.08%.

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.