Assenagon Asset Management S.A. lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,324.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,469,008 shares of the oil and gas producer's stock after acquiring an additional 3,225,543 shares during the quarter. Assenagon Asset Management S.A. owned 0.28% of Suncor Energy worth $123,774,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Cullen Investment Group LTD. boosted its holdings in 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 purchasing an additional 262 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer's stock valued at $4,169,000 after buying an additional 321 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Suncor Energy by 82.8% during the second 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. Coldstream Capital Management Inc. raised its position in Suncor Energy by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock worth $276,000 after acquiring an additional 354 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in Suncor Energy by 3.2% in the third quarter. Atomi Financial Group Inc. now owns 13,464 shares of the oil and gas producer's stock worth $497,000 after acquiring an additional 416 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.
Shares of SU opened at $39.86 on Wednesday. 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 1-year low of $31.03 and a 1-year high of $41.94. The stock has a market cap of $49.61 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The firm has a 50 day simple moving average of $38.07 and a 200-day simple moving average of $38.50.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.10%. Suncor Energy's dividend payout ratio (DPR) is presently 35.08%.
A number of equities analysts have recently weighed in on SU shares. 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. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday. Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, Morgan Stanley cut Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.
Get Our Latest Stock Analysis on SU
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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