Allianz Asset Management GmbH Acquires 191,802 Shares of Suncor Energy Inc. (NYSE:SU)

Allianz Asset Management GmbH lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,594,783 shares of the oil and gas producer's stock after buying an additional 191,802 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.29% of Suncor Energy worth $139,169,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its holdings in Suncor Energy by 2.3% during the fourth quarter. HighTower Advisors LLC now owns 34,012 shares of the oil and gas producer's stock worth $1,214,000 after purchasing an additional 763 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Suncor Energy by 9.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 47,345 shares of the oil and gas producer's stock worth $1,689,000 after acquiring an additional 4,057 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at $36,000. Virtu Financial LLC acquired a new position in shares of Suncor Energy during the 4th quarter worth about $913,000. Finally, American Century Companies Inc. raised its holdings in shares of Suncor Energy by 7.6% in the 4th quarter. American Century Companies Inc. now owns 778,161 shares of the oil and gas producer's stock valued at $27,777,000 after purchasing an additional 55,062 shares during the period. Institutional investors own 67.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price of $66.00.

Suncor Energy Stock Performance

Shares of NYSE:SU traded up $0.44 during trading on Tuesday, hitting $39.14. 2,720,440 shares of the stock traded hands, compared to its average volume of 4,472,082. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 3.37 and a beta of 0.80. The company has a fifty day moving average price of $37.73 and a two-hundred day moving average price of $37.29. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95.

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

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued 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 4.22%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is 47.55%.

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.