Suncor Energy Inc. (NYSE:SU) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,650 shares of the oil and gas producer’s stock after purchasing an additional 2,479 shares during the quarter. Hantz Financial Services Inc.’s holdings in Suncor Energy were worth $808,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SU. Toronto Dominion Bank boosted its position in shares of Suncor Energy by 1.8% during the 3rd 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 period. CIBC Asset Management Inc boosted its position in shares of Suncor Energy by 1.3% during the third quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock worth $516,728,000 after buying an additional 180,533 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Suncor Energy by 23.3% during the third 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 buying an additional 1,829,936 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 23.0% in 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 during the period. Finally, Geode Capital Management LLC raised its holdings in shares of 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 period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

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

Suncor Energy Price Performance

SU opened at $37.50 on Friday. 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 Inc. has a 1-year low of $31.25 and a 1-year high of $41.94. The company has a 50-day moving average of $37.86 and a 200-day moving average of $38.56. The company has a market capitalization of $46.67 billion, a P/E ratio of 8.17, a PEG ratio of 2.97 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.4089 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 35.08%.

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.