Suncor Energy Inc. (NYSE:SU) Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 32.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 82,204 shares of the oil and gas producer’s stock after buying an additional 20,081 shares during the quarter. Sanctuary Advisors LLC’s holdings in Suncor Energy were worth $3,035,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SU. Cullen Investment Group LTD. raised its stake in shares of Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after purchasing an additional 262 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Suncor Energy by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 281 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Suncor Energy by 11.0% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock valued at $121,000 after purchasing an additional 325 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 328 shares during the period. Finally, Coldstream Capital Management Inc. grew its holdings in Suncor Energy by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock worth $276,000 after acquiring an additional 354 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 1.0 %

Shares of SU opened at $35.86 on Wednesday. The business’s 50-day moving average price is $39.01 and its 200 day moving average price is $38.66. The stock has a market capitalization of $45.12 billion, a P/E ratio of 7.81, a P/E/G ratio of 2.43 and a beta of 1.11. Suncor Energy Inc. has a 1-year low of $31.03 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.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.56%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s payout ratio is currently 36.60%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday. Finally, StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

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.