Hantz Financial Services Inc. Increases Stock Position in Suncor Energy Inc. (NYSE:SU)

Hantz Financial Services Inc. boosted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in shares of Suncor Energy by 1,345.8% in the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after acquiring an additional 436,016 shares during the period. Aigen Investment Management LP purchased a new stake in Suncor Energy during the 3rd quarter worth about $1,376,000. DRW Securities LLC bought a new position in Suncor Energy in the 3rd quarter worth about $1,151,000. Assenagon Asset Management S.A. grew its holdings in Suncor Energy by 90.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after buying an additional 3,951,287 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its position in shares of Suncor Energy by 22.5% during the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after buying an additional 46,155 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.2 %

NYSE SU opened at $39.48 on Monday. 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’s 50-day simple moving average is $39.12 and its two-hundred day simple moving average is $38.86. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The company has a market capitalization of $49.67 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 2.61 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.4089 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 4.14%. Suncor Energy’s payout ratio is presently 35.29%.

Analysts Set New Price Targets

A number of research firms have recently commented on SU. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.40.

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.