Y Intercept Hong Kong Ltd Sells 17,071 Shares of Suncor Energy Inc. (NYSE:SU)

Y Intercept Hong Kong Ltd decreased its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 33.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,039 shares of the oil and gas producer's stock after selling 17,071 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Suncor Energy were worth $1,257,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer's stock worth $956,850,000 after acquiring an additional 1,209,073 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Suncor Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer's stock valued at $878,131,000 after purchasing an additional 366,432 shares in the last quarter. Toronto Dominion Bank increased its position in Suncor Energy by 3.4% in the second 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 last quarter. CIBC Asset Management Inc raised its stake in Suncor Energy by 1.3% during the third 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Suncor Energy by 23.3% during 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 last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 2.5 %

NYSE:SU traded down $0.96 during mid-day trading on Thursday, hitting $37.19. 4,435,813 shares of the stock traded hands, compared to its average volume of 4,317,740. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 52 week low of $29.53 and a 52 week high of $41.94. The stock has a market capitalization of $46.79 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 2.54 and a beta of 1.11. The firm's 50 day moving average is $39.27 and its two-hundred day moving average is $38.77.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.40%. Suncor Energy's dividend payout ratio is currently 36.60%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SU. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $56.40.

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.