Suncor Energy Inc. (NYSE:SU) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,689.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 565,339 shares of the oil and gas producer's stock after purchasing an additional 533,754 shares during the period. Assenagon Asset Management S.A.'s holdings in Suncor Energy were worth $18,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Financial Corp IN boosted its position in Suncor Energy by 3.3% in the fourth quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer's stock worth $398,000 after purchasing an additional 393 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in Suncor Energy by 1.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 394,062 shares of the oil and gas producer's stock worth $12,625,000 after purchasing an additional 3,775 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Suncor Energy by 241.0% during the 4th quarter. SG Americas Securities LLC now owns 582,652 shares of the oil and gas producer's stock valued at $18,668,000 after buying an additional 411,806 shares in the last quarter. First Bank & Trust lifted its position in shares of Suncor Energy by 21.9% during the 4th quarter. First Bank & Trust now owns 7,605 shares of the oil and gas producer's stock valued at $244,000 after buying an additional 1,368 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Suncor Energy by 220.6% during the 4th quarter. Whittier Trust Co. now owns 2,661 shares of the oil and gas producer's stock valued at $85,000 after buying an additional 1,831 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Shares of SU stock traded up $0.43 during trading hours on Thursday, reaching $36.91. 2,371,032 shares of the company traded hands, compared to its average volume of 4,318,097. The firm has a 50-day moving average price of $33.76 and a 200 day moving average price of $33.24. The company has a market cap of $47.54 billion, a P/E ratio of 7.85, a P/E/G ratio of 3.39 and a beta of 1.12. Suncor Energy Inc. has a 12-month low of $27.59 and a 12-month high of $36.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.13. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. The company had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.46 billion. During the same period in the previous year, the firm earned $1.33 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.58 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Suncor Energy's previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a yield of 4.40%. Suncor Energy's payout ratio is currently 34.26%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lifted their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.00.

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.