Suncor Energy Inc. (NYSE:SU) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,290 shares of the oil and gas producer’s stock after acquiring an additional 1,147 shares during the period. King Luther Capital Management Corp’s holdings in Suncor Energy were worth $1,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aigen Investment Management LP acquired a new position in Suncor Energy in the third quarter worth about $1,376,000. Assenagon Asset Management S.A. lifted its holdings in Suncor Energy by 90.9% during the 2nd 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 buying an additional 3,951,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Suncor Energy by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock worth $683,916,000 after acquiring an additional 1,031,542 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Suncor Energy by 22.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after acquiring an additional 46,155 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Suncor Energy during the 2nd quarter valued at approximately $2,448,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of SU opened at $41.53 on Friday. The firm has a market capitalization of $52.25 billion, a PE ratio of 9.05, a P/E/G ratio of 2.83 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $38.86 and a 200 day moving average price of $38.86. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.94%. 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 (DPR) is currently 36.60%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.