Swiss National Bank Sells 3,600 Shares of Suncor Energy Inc. (NYSE:SU)

Swiss National Bank decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,858,992 shares of the oil and gas producer’s stock after selling 3,600 shares during the quarter. Swiss National Bank owned about 0.31% of Suncor Energy worth $142,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP bought a new position in shares of Suncor Energy in the third quarter worth $1,376,000. BNP Paribas Financial Markets increased its holdings in shares of Suncor Energy by 2,358.4% in the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after purchasing an additional 16,509 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Suncor Energy by 90.9% in the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after purchasing an additional 3,951,287 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Suncor Energy by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock worth $683,916,000 after purchasing an additional 1,031,542 shares during the period. Finally, Mediolanum International Funds Ltd increased its holdings in shares of Suncor Energy by 22.5% in the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after purchasing an additional 46,155 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE SU opened at $40.48 on Monday. The company has a 50-day simple moving average of $38.40 and a two-hundred day simple moving average of $38.77. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The firm has a market cap of $51.08 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.87 and a beta of 1.12.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a yield of 4.04%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is presently 36.60%.

Analysts Set New Price Targets

SU has been the subject of several research reports. 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. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.40.

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.