Fisher Asset Management LLC Purchases 1,090,988 Shares of Suncor Energy Inc. (NYSE:SU)

Fisher Asset Management LLC boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 136.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,891,781 shares of the oil and gas producer’s stock after acquiring an additional 1,090,988 shares during the period. Fisher Asset Management LLC owned approximately 0.15% of Suncor Energy worth $69,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after purchasing an additional 1,209,073 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Suncor Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock worth $878,131,000 after buying an additional 366,432 shares during the period. Toronto Dominion Bank grew its holdings in shares of Suncor Energy by 3.4% during the second quarter. Toronto Dominion Bank now owns 18,212,767 shares of the oil and gas producer’s stock worth $693,906,000 after buying an additional 605,833 shares in the last quarter. CIBC Asset Management Inc raised its position in Suncor Energy by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock valued at $516,728,000 after buying an additional 180,533 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after acquiring an additional 1,829,936 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Down 2.1 %

Suncor Energy stock opened at $40.67 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company’s 50-day moving average is $38.94 and its 200-day moving average is $38.86. The firm has a market capitalization of $51.17 billion, a PE ratio of 8.86, a P/E/G ratio of 2.74 and a beta of 1.12. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. 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. This represents a $1.64 annualized dividend and a yield of 4.02%. Suncor Energy’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” 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 note on Tuesday, November 19th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.40.

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.