Harbor Investment Advisory LLC Has $1.33 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Harbor Investment Advisory LLC lowered its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,122 shares of the oil and gas producer’s stock after selling 345 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Suncor Energy were worth $1,325,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in shares of Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares in the last quarter. Intech Investment Management LLC grew its position in Suncor Energy by 1,345.8% during the 3rd 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 last quarter. Aigen Investment Management LP acquired a new stake in Suncor Energy during the 3rd quarter valued at $1,376,000. Assenagon Asset Management S.A. raised its position in Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after purchasing an additional 3,225,543 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in Suncor Energy in the third quarter worth $1,151,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $39.02 on Tuesday. The firm has a fifty day moving average of $38.07 and a two-hundred day moving average of $38.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market capitalization of $48.57 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 3.35 and a beta of 1.12. Suncor Energy Inc. has a 52 week low of $31.03 and a 52 week high of $41.94.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.4089 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.19%. Suncor Energy’s dividend payout ratio is presently 35.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SU. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Company 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.