Hantz Financial Services Inc. Raises Holdings in Suncor Energy Inc. (NYSE:SU)

Hantz Financial Services Inc. boosted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 20,171 shares of the oil and gas producer’s stock after buying an additional 692 shares during the period. Hantz Financial Services Inc.’s holdings in Suncor Energy were worth $745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Suncor Energy by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after purchasing an additional 1,209,073 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Suncor Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock worth $878,131,000 after buying an additional 366,432 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Suncor Energy by 3.4% during the second quarter. Toronto Dominion Bank now owns 18,212,767 shares of the oil and gas producer’s stock valued at $693,906,000 after buying an additional 605,833 shares during the period. CIBC Asset Management Inc raised its holdings 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 valued at $516,728,000 after acquiring an additional 180,533 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Suncor Energy by 23.3% in 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 acquiring an additional 1,829,936 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.40.

Suncor Energy Stock Performance

Shares of SU opened at $39.48 on Monday. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The stock has a market cap of $49.67 billion, a P/E ratio of 8.60, a P/E/G ratio of 2.61 and a beta of 1.12. The business’s 50 day moving average price is $39.12 and its 200-day moving average price is $38.86.

Suncor Energy Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.14%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.29%.

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.