Two Sigma Advisers LP Sells 125,700 Shares of Suncor Energy Inc. (NYSE:SU)

Two Sigma Advisers LP cut its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 17.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 610,840 shares of the oil and gas producer's stock after selling 125,700 shares during the period. Two Sigma Advisers LP's holdings in Suncor Energy were worth $22,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SU. Stifel Financial Corp lifted its stake in shares of Suncor Energy by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 95,243 shares of the oil and gas producer's stock valued at $3,516,000 after acquiring an additional 894 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Suncor Energy by 47.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,193 shares of the oil and gas producer's stock valued at $1,373,000 after acquiring an additional 11,887 shares during the last quarter. Recurrent Investment Advisors LLC lifted its stake in shares of Suncor Energy by 13.2% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,655,402 shares of the oil and gas producer's stock valued at $61,979,000 after acquiring an additional 192,488 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Suncor Energy by 11.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,022,237 shares of the oil and gas producer's stock valued at $37,771,000 after acquiring an additional 103,453 shares during the last quarter. Finally, Concentric Capital Strategies LP bought a new position in shares of Suncor Energy in the 3rd quarter valued at $5,590,000. 67.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SU has been the subject of a number of research reports. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Desjardins upgraded 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.40.

Suncor Energy Trading Down 2.0 %

Suncor Energy stock traded down $0.77 during trading hours on Friday, reaching $38.38. 4,432,608 shares of the company's stock were exchanged, compared to its average volume of 5,027,207. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm's 50 day simple moving average is $39.26 and its 200 day simple moving average is $38.82. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The firm has a market capitalization of $48.29 billion, a PE ratio of 8.36, a PEG ratio of 2.54 and a beta of 1.11.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is presently 36.60%.

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.