Suncor Energy Inc. (NYSE:SU) Holdings Lowered by Verition Fund Management LLC

Verition Fund Management LLC lowered its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 89.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,186 shares of the oil and gas producer’s stock after selling 212,939 shares during the quarter. Verition Fund Management LLC’s holdings in Suncor Energy were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors raised its stake in Suncor Energy by 8.1% during the 3rd quarter. Captrust Financial Advisors now owns 51,164 shares of the oil and gas producer’s stock valued at $1,889,000 after purchasing an additional 3,830 shares during the period. Hantz Financial Services Inc. raised its position in Suncor Energy by 3.6% during the third quarter. Hantz Financial Services Inc. now owns 20,171 shares of the oil and gas producer’s stock valued at $745,000 after buying an additional 692 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Suncor Energy by 35.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 867,786 shares of the oil and gas producer’s stock worth $32,066,000 after acquiring an additional 227,988 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Suncor Energy by 15.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 16,979 shares of the oil and gas producer’s stock worth $627,000 after acquiring an additional 2,211 shares during the period. Finally, Bridgewater Associates LP grew its stake in Suncor Energy by 113.4% during the 3rd quarter. Bridgewater Associates LP now owns 983,633 shares of the oil and gas producer’s stock valued at $36,347,000 after acquiring an additional 522,635 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SU shares. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Stock Performance

SU stock opened at $38.38 on Monday. The company has a market capitalization of $48.29 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 2.54 and a beta of 1.11. The firm has a 50 day moving average of $39.26 and a two-hundred day moving average of $38.81. The company has a quick ratio of 1.04, 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.

Suncor Energy Increases Dividend

The firm also recently announced 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 4.26%. This is an increase 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%.

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.