DekaBank Deutsche Girozentrale Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

DekaBank Deutsche Girozentrale increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,698 shares of the oil and gas producer's stock after buying an additional 9,067 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Suncor Energy worth $26,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SU. Hanson & Doremus Investment Management lifted its holdings in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy in the fourth quarter valued at approximately $35,000. Lee Danner & Bass Inc. purchased a new stake in Suncor Energy in the fourth quarter valued at approximately $36,000. Finally, Covestor Ltd raised its position in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Up 1.1%

Suncor Energy stock opened at $39.26 on Thursday. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The stock's fifty day simple moving average is $37.11 and its 200-day simple moving average is $37.07. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $48.00 billion, a P/E ratio of 11.31, a P/E/G ratio of 3.37 and a beta of 0.80.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.21%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is presently 47.84%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $64.67.

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.

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