Sanctuary Advisors LLC Has $3.04 Million Position in Suncor Energy Inc. (NYSE:SU)

Sanctuary Advisors LLC boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 32.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,204 shares of the oil and gas producer’s stock after buying an additional 20,081 shares during the period. Sanctuary Advisors LLC’s holdings in Suncor Energy were worth $3,035,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Cullen Investment Group LTD. increased its position in Suncor Energy by 0.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 262 shares during the period. First Horizon Advisors Inc. increased its position in Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock worth $186,000 after buying an additional 281 shares during the period. Blue Trust Inc. increased its position in Suncor Energy by 11.0% in the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 325 shares during the period. Richardson Financial Services Inc. increased its position in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 328 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Suncor Energy by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock worth $276,000 after buying an additional 354 shares during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday. Finally, StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.40.

Suncor Energy Trading Down 1.0 %

SU stock opened at $35.86 on Wednesday. Suncor Energy Inc. has a 1-year low of $31.03 and a 1-year high of $41.94. The firm has a market cap of $45.12 billion, a P/E ratio of 7.81, a P/E/G ratio of 2.43 and a beta of 1.11. The business’s 50 day moving average is $39.01 and its 200-day moving average is $38.66. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is currently 36.60%.

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.