Suncor Energy Inc. (NYSE:SU) Position Increased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,037 shares of the oil and gas producer’s stock after buying an additional 26,188 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Suncor Energy were worth $9,741,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its stake in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after acquiring an additional 20,081 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after purchasing an additional 436,016 shares during the period. Aigen Investment Management LP bought a new stake in shares of Suncor Energy during the third quarter valued at about $1,376,000. Assenagon Asset Management S.A. lifted its holdings in Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after purchasing an additional 3,225,543 shares during the period. Finally, DRW Securities LLC bought a new position in Suncor Energy in the 3rd quarter valued at about $1,151,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SU. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Stock Performance

Suncor Energy stock opened at $37.50 on Friday. The firm’s 50 day simple moving average is $37.86 and its 200-day simple moving average is $38.56. 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 fifty-two week low of $31.25 and a fifty-two week high of $41.94. The company has a market cap of $46.67 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.12.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is 35.08%.

About Suncor Energy

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.