Fisher Asset Management LLC Has $69.85 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Fisher Asset Management LLC boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 136.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,891,781 shares of the oil and gas producer’s stock after buying an additional 1,090,988 shares during the period. Fisher Asset Management LLC’s holdings in Suncor Energy were worth $69,845,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in Suncor Energy by 77.9% during the 3rd quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer’s stock worth $1,681,000 after buying an additional 19,939 shares during the period. Citigroup Inc. grew its stake in shares of Suncor Energy by 51.8% in the third quarter. Citigroup Inc. now owns 229,983 shares of the oil and gas producer’s stock valued at $8,498,000 after acquiring an additional 78,482 shares in the last quarter. Raymond James Trust N.A. increased its position in Suncor Energy by 4.0% during the third quarter. Raymond James Trust N.A. now owns 22,508 shares of the oil and gas producer’s stock worth $831,000 after acquiring an additional 867 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Suncor Energy by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,357,656 shares of the oil and gas producer’s stock worth $161,006,000 after purchasing an additional 169,916 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in Suncor Energy in the 3rd quarter valued at about $750,000. 67.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SU shares. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Trading Down 2.1 %

Shares of SU stock opened at $40.67 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The company has a market cap of $51.17 billion, a PE ratio of 8.86, a P/E/G ratio of 2.74 and a beta of 1.12. The stock’s fifty day moving average price is $38.94 and its two-hundred day moving average price is $38.86.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is currently 35.29%.

Suncor Energy Profile

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.