FNY Investment Advisers LLC Makes New Investment in Suncor Energy Inc. (NYSE:SU)

FNY Investment Advisers LLC purchased a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the oil and gas producer’s stock, valued at approximately $107,000.

Other hedge funds have also made changes to their positions in the company. Choreo LLC purchased a new position in Suncor Energy during the second quarter worth about $230,000. Oppenheimer Asset Management Inc. increased its stake in shares of Suncor Energy by 21.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 48,823 shares of the oil and gas producer’s stock valued at $1,860,000 after acquiring an additional 8,467 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Suncor Energy by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 656,635 shares of the oil and gas producer’s stock worth $25,018,000 after acquiring an additional 36,069 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Suncor Energy by 15.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 43,191 shares of the oil and gas producer’s stock worth $1,640,000 after acquiring an additional 5,856 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.2 %

Shares of SU opened at $39.86 on Wednesday. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94. The stock’s 50-day moving average is $38.07 and its two-hundred day moving average is $38.50. 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 stock has a market cap of $49.61 billion, a PE ratio of 8.68, a P/E/G ratio of 2.43 and a beta of 1.12.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 4.10%. Suncor Energy’s payout ratio is 35.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.