Neuberger Berman Group LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 83.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,644,000 shares of the company’s stock after buying an additional 1,200,888 shares during the period. Neuberger Berman Group LLC owned 0.16% of Suncor Energy worth $73,450,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. BlackRock Japan Co. Ltd purchased a new stake in shares of Suncor Energy during the second quarter valued at $108,000. MSI Financial Services Inc raised its stake in shares of Suncor Energy by 3.2% in the third quarter. MSI Financial Services Inc now owns 4,504 shares of the company’s stock valued at $125,000 after buying an additional 139 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Suncor Energy by 9.8% in the second quarter. Glenmede Trust Co. NA now owns 4,898 shares of the company’s stock valued at $135,000 after buying an additional 437 shares during the period. FTB Advisors Inc. raised its stake in shares of Suncor Energy by 6.6% in the third quarter. FTB Advisors Inc. now owns 4,698 shares of the company’s stock valued at $136,000 after buying an additional 291 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Suncor Energy by 10.5% in the third quarter. Trust Co. of Vermont now owns 5,244 shares of the company’s stock valued at $146,000 after buying an additional 499 shares during the period. 64.54% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Suncor Energy Inc. (NYSE:SU) opened at 30.73 on Tuesday. The company’s market cap is $51.16 billion. The firm has a 50-day moving average price of $29.84 and a 200 day moving average price of $27.91. Suncor Energy Inc. has a 12 month low of $18.71 and a 12 month high of $32.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be given a dividend of $0.216 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 30th. Suncor Energy’s dividend payout ratio is currently -81.65%.

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A number of research firms have weighed in on SU. TD Securities reaffirmed a “buy” rating and set a $46.00 target price (up previously from $45.00) on shares of Suncor Energy in a report on Monday, November 21st. Scotiabank reaffirmed an “outperform” rating and set a $45.00 target price (up previously from $44.00) on shares of Suncor Energy in a report on Monday, November 21st. RBC Capital Markets reaffirmed an “outperform” rating and set a $47.00 target price (up previously from $45.00) on shares of Suncor Energy in a report on Monday, November 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 target price on shares of Suncor Energy in a report on Monday, November 21st. Finally, Nomura reaffirmed 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $41.15.

About Suncor Energy

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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