Capstone Asset Management Co. increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,003 shares of the company’s stock after buying an additional 6,610 shares during the period. Capstone Asset Management Co.’s holdings in Suncor Energy were worth $3,723,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cohen & Steers Inc. increased its position in Suncor Energy by 25,557.6% in the second quarter. Cohen & Steers Inc. now owns 13,218,799 shares of the company’s stock worth $158,463,000 after buying an additional 13,167,279 shares during the period. Capital Research Global Investors increased its position in Suncor Energy by 12.9% in the second quarter. Capital Research Global Investors now owns 70,432,422 shares of the company’s stock worth $1,953,867,000 after buying an additional 8,049,944 shares during the period. FMR LLC increased its position in Suncor Energy by 8.8% in the second quarter. FMR LLC now owns 88,848,770 shares of the company’s stock worth $2,464,755,000 after buying an additional 7,159,007 shares during the period. BlackRock Advisors LLC increased its position in Suncor Energy by 292.1% in the second quarter. BlackRock Advisors LLC now owns 8,889,630 shares of the company’s stock worth $246,509,000 after buying an additional 6,622,549 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in Suncor Energy during the second quarter worth approximately $178,847,000. 64.54% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

Shares of Suncor Energy Inc. (NYSE:SU) traded down 2.31% during mid-day trading on Tuesday, hitting $30.02. The company had a trading volume of 3,405,204 shares. The firm’s 50 day moving average is $29.84 and its 200-day moving average is $27.91. Suncor Energy Inc. has a 12-month low of $18.71 and a 12-month high of $32.19. The firm’s market cap is $49.98 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be given a $0.216 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.88%. Suncor Energy’s dividend payout ratio is currently -81.65%.

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A number of research firms have recently commented on SU. TD Securities restated a “buy” rating and issued a $46.00 price objective (up from $45.00) on shares of Suncor Energy in a report on Monday, November 21st. Scotiabank restated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Suncor Energy in a report on Monday, November 21st. RBC Capital Markets restated an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of Suncor Energy in a report on Monday, November 21st. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price on shares of Suncor Energy in a report on Monday, November 21st. Finally, Nomura reiterated a “buy” rating and set a $45.00 target price on shares of Suncor Energy in a report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.15.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

5 Day Chart for NYSE:SU

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