XTX Topco Ltd Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

XTX Topco Ltd bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 43,370 shares of the oil and gas producer’s stock, valued at approximately $1,601,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in 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 valued at $17,309,000 after acquiring an additional 436,016 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Suncor Energy during the third quarter worth $1,376,000. DRW Securities LLC acquired a new stake in shares of Suncor Energy during the third quarter worth $1,151,000. Assenagon Asset Management S.A. raised its stake in Suncor Energy by 90.9% during the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after buying an additional 3,951,287 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its holdings in Suncor Energy by 22.5% in 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 institutional investors and hedge funds.

Suncor Energy Stock Down 2.0 %

SU stock opened at $38.38 on Monday. The stock’s 50 day simple moving average is $39.26 and its 200 day simple moving average is $38.81. The company has a market cap of $48.29 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.26%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio (DPR) is presently 36.82%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SU. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average target price of $56.40.

Suncor Energy Profile

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.