Foster & Motley Inc. Purchases New Holdings in Suncor Energy Inc. (NYSE:SU)

Foster & Motley Inc. purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,044 shares of the oil and gas producer’s stock, valued at approximately $751,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Suncor Energy by 1,324.8% during 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 buying an additional 3,225,543 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Suncor Energy by 23.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after acquiring an additional 1,829,936 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Suncor Energy by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock worth $256,429,000 after acquiring an additional 1,296,142 shares during the last quarter. Fisher Asset Management LLC raised its stake in Suncor Energy by 136.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer’s stock valued at $69,845,000 after acquiring an additional 1,090,988 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Suncor Energy during the 3rd quarter valued at $23,286,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 3.0 %

NYSE SU opened at $37.50 on Friday. The company has a market cap of $46.67 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.97 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $31.25 and a 1-year high of $41.94. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $37.86 and a 200-day moving average of $38.56.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase 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 presently 35.08%.

Analyst Ratings Changes

SU has been the topic of several research analyst reports. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.