Suncor Energy Inc. (SU) Holdings Raised by US Bancorp DE

US Bancorp DE raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,771 shares of the oil and gas producer’s stock after acquiring an additional 13,216 shares during the period. US Bancorp DE’s holdings in Suncor Energy were worth $3,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aperio Group LLC raised its holdings in shares of Suncor Energy by 6.7% in the fourth quarter. Aperio Group LLC now owns 296,621 shares of the oil and gas producer’s stock worth $10,892,000 after buying an additional 18,645 shares during the last quarter. Telemus Capital LLC raised its holdings in shares of Suncor Energy by 7.5% in the fourth quarter. Telemus Capital LLC now owns 33,944 shares of the oil and gas producer’s stock worth $1,246,000 after buying an additional 2,368 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Suncor Energy in the fourth quarter worth $69,523,000. Highstreet Asset Management Inc. raised its holdings in shares of Suncor Energy by 23.9% in the fourth quarter. Highstreet Asset Management Inc. now owns 2,038,090 shares of the oil and gas producer’s stock worth $74,827,000 after buying an additional 393,250 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of Suncor Energy by 11.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 113,158 shares of the oil and gas producer’s stock worth $4,155,000 after buying an additional 11,380 shares during the last quarter. Institutional investors own 65.69% of the company’s stock.

Suncor Energy Inc. (NYSE:SU) opened at $33.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.64 and a debt-to-equity ratio of 0.29. Suncor Energy Inc. has a fifty-two week low of $27.96 and a fifty-two week high of $38.39. The stock has a market cap of $54,750.36, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.19 and a beta of 0.80.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be issued a dividend of $0.286 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.25. Suncor Energy’s dividend payout ratio (DPR) is 48.56%.

A number of research firms have issued reports on SU. Piper Jaffray Companies set a $46.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a report on Friday, February 9th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 price target on shares of Suncor Energy in a report on Thursday, October 26th. Finally, Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.67.

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About Suncor Energy

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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

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