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Fisher Asset Management LLC Increases Stock Holdings in Suncor Energy Inc. (NYSE:SU)

By August 23, 2019 No Comments

Fisher Asset Management LLC grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,795 shares of the oil and gas producer’s stock after buying an additional 1,286 shares during the period. Fisher Asset Management LLC’s holdings in Suncor Energy were worth $1,084,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Suncor Energy by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,182,208 shares of the oil and gas producer’s stock worth $116,976,000 after buying an additional 251,585 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in Suncor Energy by 63.5% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 24,344 shares of the oil and gas producer’s stock worth $789,000 after acquiring an additional 9,458 shares during the period. Pennsylvania Trust Co bought a new stake in Suncor Energy during the 1st quarter worth approximately $1,425,000. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Suncor Energy by 2.3% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 315,976 shares of the oil and gas producer’s stock valued at $10,241,000 after buying an additional 7,076 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Suncor Energy by 2.3% during the first quarter. Gulf International Bank UK Ltd now owns 31,789 shares of the oil and gas producer’s stock valued at $1,031,000 after buying an additional 700 shares during the last quarter. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy stock traded up $0.03 during trading hours on Thursday, reaching $28.46. The stock had a trading volume of 60,134 shares, compared to its average volume of 4,437,005. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.63. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.56 and a beta of 1.08. The business’s 50 day moving average price is $29.89 and its 200-day moving average price is $31.88. Suncor Energy Inc. has a 52 week low of $25.81 and a 52 week high of $42.16.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.321 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.51%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, September 3rd. Suncor Energy’s dividend payout ratio is presently 62.00%.

Several research firms have commented on SU. GMP Securities reaffirmed a “hold” rating and set a $48.00 price objective on shares of Suncor Energy in a research note on Tuesday, May 7th. BMO Capital Markets reaffirmed a “buy” rating on shares of Suncor Energy in a research note on Monday, June 24th. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, May 13th. ValuEngine lowered shares of Suncor Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. Finally, Raymond James reissued a “buy” rating on shares of Suncor Energy in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.48.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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