Suncor Energy Inc. (NYSE:SU) Shares Acquired by World Investment Advisors LLC

World Investment Advisors LLC increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.9% in the third quarter, Holdings Channel reports. The firm owned 15,641 shares of the oil and gas producer’s stock after buying an additional 865 shares during the quarter. World Investment Advisors LLC’s holdings in Suncor Energy were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SU. Sanctuary Advisors LLC grew its holdings in shares of Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Suncor Energy by 2.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 18,646 shares of the oil and gas producer’s stock valued at $688,000 after purchasing an additional 487 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Suncor Energy by 1.8% during the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock worth $684,726,000 after purchasing an additional 333,440 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Suncor Energy by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock worth $276,000 after purchasing an additional 354 shares during the period. Finally, Geode Capital Management LLC grew its position in Suncor Energy by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after buying an additional 413,797 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU opened at $36.26 on Tuesday. Suncor Energy Inc. has a 1 year low of $31.03 and a 1 year high of $41.94. The company’s 50 day simple moving average is $39.07 and its 200 day simple moving average is $38.69. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 2.43 and a beta of 1.11. 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 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 is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.51%. Suncor Energy’s dividend payout ratio (DPR) is 36.60%.

Analysts Set New Price Targets

Several research firms recently issued reports on SU. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Monday. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.