Horizon Kinetics Asset Management LLC Has $2.88 Million Stake in Suncor Energy Inc. (NYSE:SU)

Horizon Kinetics Asset Management LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 33.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,044 shares of the oil and gas producer’s stock after purchasing an additional 19,700 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Suncor Energy were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DRW Securities LLC bought a new position in Suncor Energy in the 3rd quarter valued at $1,151,000. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Suncor Energy by 3.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 36,284 shares of the oil and gas producer’s stock valued at $1,340,000 after buying an additional 1,166 shares during the period. Fisher Asset Management LLC increased its holdings in Suncor Energy by 136.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,891,781 shares of the oil and gas producer’s stock worth $69,845,000 after purchasing an additional 1,090,988 shares in the last quarter. Cerity Partners LLC raised its position in Suncor Energy by 77.9% in the 3rd quarter. Cerity Partners LLC now owns 45,537 shares of the oil and gas producer’s stock valued at $1,681,000 after buying an additional 19,939 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Suncor Energy by 51.8% in the third quarter. Citigroup Inc. now owns 229,983 shares of the oil and gas producer’s stock valued at $8,498,000 after purchasing an additional 78,482 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Suncor Energy Trading Up 0.3 %

Shares of Suncor Energy stock opened at $41.66 on Monday. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The stock has a market capitalization of $52.42 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.74 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. The stock’s 50-day simple moving average is $38.86 and its 200 day simple moving average is $38.86.

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 given a $0.4089 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.93%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is 35.29%.

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.