US Bancorp DE raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 17.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 88,771 shares of the oil and gas producer’s stock after purchasing an additional 13,216 shares during the period. US Bancorp DE’s holdings in Suncor Energy were worth $3,259,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Asset Management Inc. increased its holdings in Suncor Energy by 0.7% in the third quarter. TD Asset Management Inc. now owns 42,887,135 shares of the oil and gas producer’s stock valued at $1,499,561,000 after buying an additional 311,429 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Suncor Energy by 1.2% in the third quarter. Great West Life Assurance Co. Can now owns 12,881,423 shares of the oil and gas producer’s stock valued at $450,100,000 after purchasing an additional 157,842 shares during the period. Wells Fargo & Company MN grew its position in shares of Suncor Energy by 0.4% in the third quarter. Wells Fargo & Company MN now owns 8,266,409 shares of the oil and gas producer’s stock valued at $289,572,000 after purchasing an additional 32,051 shares during the period. APG Asset Management N.V. grew its position in shares of Suncor Energy by 53.9% in the fourth quarter. APG Asset Management N.V. now owns 7,248,085 shares of the oil and gas producer’s stock valued at $222,332,000 after purchasing an additional 2,537,800 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Suncor Energy by 0.3% in the third quarter. Legal & General Group Plc now owns 7,126,259 shares of the oil and gas producer’s stock valued at $249,161,000 after purchasing an additional 19,845 shares during the period. 65.69% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on SU. AltaCorp Capital reiterated a “hold” rating and issued a $51.00 target price on shares of Suncor Energy in a research report on Monday, January 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $47.00 target price on shares of Suncor Energy in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Saturday, January 20th. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Thursday, November 16th. Finally, Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Suncor Energy presently has a consensus rating of “Buy” and an average price target of $46.67.

Suncor Energy Inc. (NYSE SU) opened at $33.50 on Wednesday. The firm has a market cap of $54,750.36, a PE ratio of 16.11, a P/E/G ratio of 2.19 and a beta of 0.80. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $38.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.64 and a current ratio of 1.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be given a dividend of $0.286 per share. The ex-dividend date is Friday, March 2nd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a yield of 3.41%. Suncor Energy’s payout ratio is presently 48.56%.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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.

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

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