Heritage Family Offices LLP Purchases 1,379 Shares of Suncor Energy Inc. (NYSE:SU)

Heritage Family Offices LLP grew its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,132 shares of the oil and gas producer’s stock after purchasing an additional 1,379 shares during the quarter. Heritage Family Offices LLP’s holdings in Suncor Energy were worth $718,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after acquiring an additional 3,225,543 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $357,827,000 after purchasing an additional 1,829,936 shares during the period. Principal Financial Group Inc. grew its holdings in Suncor Energy by 23.0% during the 3rd 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 buying an additional 1,296,142 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Suncor Energy by 5.1% during the 2nd 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 buying an additional 1,209,073 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Suncor Energy during the second quarter valued at about $42,268,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

NYSE SU opened at $40.10 on Thursday. Suncor Energy Inc. has a 52-week low of $31.03 and a 52-week high of $41.94. The company has a fifty day moving average of $38.07 and a 200-day moving average of $38.50. The company has a market capitalization of $49.91 billion, a P/E ratio of 8.74, a P/E/G ratio of 3.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.4089 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.08%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is 35.08%.

Analysts Set New Price Targets

Several equities analysts recently commented on SU shares. 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 shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target 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 given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.00.

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.