Wilmington Savings Fund Society FSB Takes $104,000 Position in Suncor Energy Inc. (NYSE:SU)

Wilmington Savings Fund Society FSB purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,809 shares of the oil and gas producer’s stock, valued at approximately $104,000.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after acquiring an additional 20,081 shares in the last quarter. Intech Investment Management LLC grew its stake in Suncor Energy by 1,345.8% in the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after purchasing an additional 436,016 shares in the last quarter. Aigen Investment Management LP purchased a new position in Suncor Energy during the 3rd quarter worth $1,376,000. DRW Securities LLC bought a new stake in Suncor Energy during the 3rd quarter valued at $1,151,000. Finally, Mediolanum International Funds Ltd lifted its holdings in shares of Suncor Energy by 22.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after buying an additional 46,155 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Down 0.3 %

NYSE:SU opened at $34.50 on Friday. The stock has a market capitalization of $43.41 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 2.43 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $31.03 and a 52 week high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $38.68 and a 200 day moving average of $38.57.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.4089 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.74%. Suncor Energy’s dividend payout ratio (DPR) is presently 36.60%.

Suncor Energy Company 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.