Suncor Energy Inc. (NYSE:SU) Holdings Raised by Vident Advisory LLC

Vident Advisory LLC boosted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 967.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 519,112 shares of the oil and gas producer's stock after acquiring an additional 470,500 shares during the quarter. Vident Advisory LLC's holdings in Suncor Energy were worth $18,522,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Suncor Energy by 39.9% in the fourth quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock valued at $346,298,000 after buying an additional 2,767,043 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Suncor Energy by 2,061.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock valued at $86,990,000 after buying an additional 2,325,503 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Suncor Energy by 97.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after buying an additional 1,842,791 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Suncor Energy by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock valued at $278,537,000 after buying an additional 1,737,573 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock valued at $110,017,000 after buying an additional 1,573,726 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

SU has been the subject of a number of research analyst reports. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Tudor Pickering raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Trading Up 0.8%

NYSE:SU traded up $0.27 during mid-day trading on Thursday, reaching $35.41. The company's stock had a trading volume of 3,188,748 shares, compared to its average volume of 4,494,557. The company's fifty day simple moving average is $35.63 and its two-hundred day simple moving average is $37.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The stock has a market cap of $43.66 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data 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. The business 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 15.37% and a net margin of 11.80%. During the same period in the previous year, the company posted $1.41 EPS. On average, 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 will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio is 45.53%.

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.