Barclays PLC Trims Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Barclays PLC lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,292,030 shares of the oil and gas producer’s stock after selling 40,723 shares during the quarter. Barclays PLC owned 0.58% of Suncor Energy worth $269,221,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Suncor Energy by 90.9% in the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after purchasing an additional 3,951,287 shares during the last quarter. National Bank of Canada FI grew its stake in Suncor Energy by 60.7% in the 2nd quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock worth $328,876,000 after acquiring an additional 3,272,896 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Suncor Energy by 23.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after acquiring an additional 1,829,936 shares during the period. Principal Financial Group Inc. raised its stake in shares of Suncor Energy by 23.0% during the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock valued at $256,429,000 after acquiring an additional 1,296,142 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Suncor Energy by 5.1% in the second quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock valued at $956,850,000 after purchasing an additional 1,209,073 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.5 %

Shares of NYSE:SU opened at $38.19 on Tuesday. The company has a market capitalization of $48.05 billion, a PE ratio of 8.32, a P/E/G ratio of 2.54 and a beta of 1.11. The company has a current ratio of 1.59, a quick ratio of 1.04 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. The business’s fifty day simple moving average is $39.29 and its 200-day simple moving average is $38.79.

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 issued a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 36.82%.

Analyst Ratings Changes

Several research analysts have commented on SU shares. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.40.

About Suncor Energy

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.