DekaBank Deutsche Girozentrale Decreases Stock Position in Suncor Energy Inc. (NYSE:SU)

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DekaBank Deutsche Girozentrale cut its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 24.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,703,456 shares of the oil and gas producer’s stock after selling 563,141 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Suncor Energy were worth $52,994,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC raised its position in Suncor Energy by 10.6% in the second quarter. Advisory Services Network LLC now owns 8,832 shares of the oil and gas producer’s stock valued at $276,000 after purchasing an additional 848 shares during the period. CIBC Private Wealth Group LLC raised its position in Suncor Energy by 10.6% in the second quarter. CIBC Private Wealth Group LLC now owns 238,437 shares of the oil and gas producer’s stock valued at $7,430,000 after purchasing an additional 22,782 shares during the period. Stevens Capital Management LP raised its position in Suncor Energy by 35.3% in the second quarter. Stevens Capital Management LP now owns 28,671 shares of the oil and gas producer’s stock valued at $893,000 after purchasing an additional 7,487 shares during the period. Kornitzer Capital Management Inc. KS raised its position in Suncor Energy by 20.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 65,400 shares of the oil and gas producer’s stock valued at $2,038,000 after purchasing an additional 11,180 shares during the period. Finally, Advisor Group Inc. raised its position in Suncor Energy by 3.7% in the second quarter. Advisor Group Inc. now owns 42,639 shares of the oil and gas producer’s stock valued at $1,329,000 after purchasing an additional 1,514 shares during the period. 65.15% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy stock opened at $28.67 on Wednesday. Suncor Energy Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $42.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.63. The stock has a market cap of $44.51 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.57 and a beta of 1.08. The firm has a 50-day moving average price of $30.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a $0.321 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Tuesday, September 3rd. Suncor Energy’s payout ratio is presently 62.00%.

A number of equities research analysts have commented on the company. GMP Securities restated a “hold” rating and issued a $48.00 target price on shares of Suncor Energy in a research report on Tuesday, May 7th. Raymond James restated a “buy” rating on shares of Suncor Energy in a research report on Thursday, May 2nd. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, May 13th. ValuEngine downgraded Suncor Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. Finally, BMO Capital Markets restated a “buy” rating on shares of Suncor Energy in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Suncor Energy has an average rating of “Buy” and a consensus price target of $47.48.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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