Quadrature Capital Ltd acquired a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 20,200 shares of the oil and gas producer’s stock, valued at approximately $742,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Brown Advisory Inc. raised its position in Suncor Energy by 303.8% in the 4th quarter. Brown Advisory Inc. now owns 1,664,244 shares of the oil and gas producer’s stock worth $61,111,000 after purchasing an additional 1,252,072 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Suncor Energy by 9.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 67,971 shares of the oil and gas producer’s stock worth $2,496,000 after acquiring an additional 5,650 shares during the period. Brown Advisory Securities LLC purchased a new position in shares of Suncor Energy during the fourth quarter worth approximately $918,000. First Republic Investment Management Inc. increased its position in shares of Suncor Energy by 1.1% during the fourth quarter. First Republic Investment Management Inc. now owns 278,942 shares of the oil and gas producer’s stock worth $10,243,000 after acquiring an additional 2,911 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in shares of Suncor Energy by 20.0% during the fourth quarter. Mawer Investment Management Ltd. now owns 6,279,923 shares of the oil and gas producer’s stock worth $230,599,000 after acquiring an additional 1,048,670 shares during the period. 63.83% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $46.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, February 9th. TD Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Thursday, November 16th. Zacks Investment Research lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Edward Jones raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Suncor Energy from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be issued a dividend of $0.286 per share. This represents a $1.14 annualized dividend and a yield of 3.48%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, March 2nd. Suncor Energy’s dividend payout ratio (DPR) is presently 48.56%.
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About Suncor Energy
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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