Karpas Strategies LLC held its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the third quarter, Holdings Channel reports. The firm owned 11,800 shares of the company’s stock at the end of the third quarter. Karpas Strategies LLC’s holdings in Suncor Energy were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. British Columbia Investment Management Corp increased its position in Suncor Energy by 2.4% in the third quarter. British Columbia Investment Management Corp now owns 255,985 shares of the company’s stock valued at $5,411,000 after buying an additional 6,000 shares during the period. Manitou Investment Management Ltd. increased its position in Suncor Energy by 31.7% in the second quarter. Manitou Investment Management Ltd. now owns 739,573 shares of the company’s stock valued at $20,375,000 after buying an additional 178,056 shares during the period. Dividend Assets Capital LLC increased its position in Suncor Energy by 0.9% in the second quarter. Dividend Assets Capital LLC now owns 2,040,069 shares of the company’s stock valued at $56,571,000 after buying an additional 18,645 shares during the period. Bank of New York Mellon Corp increased its position in Suncor Energy by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 46,214,835 shares of the company’s stock valued at $1,281,537,000 after buying an additional 4,998,480 shares during the period. Finally, Capital Fund Management S.A. increased its position in Suncor Energy by 271.4% in the second quarter. Capital Fund Management S.A. now owns 490,499 shares of the company’s stock valued at $13,602,000 after buying an additional 358,435 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) traded down 0.40% during mid-day trading on Friday, reaching $32.45. 1,790,656 shares of the company were exchanged. The stock’s 50-day moving average price is $32.51 and its 200-day moving average price is $29.18. Suncor Energy Inc. has a 1-year low of $18.71 and a 1-year high of $33.79. The stock’s market capitalization is $54.03 billion.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd were issued a $0.216 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.86 dividend on an annualized basis and a yield of 2.66%. Suncor Energy ‘s payout ratio is currently -78.90%.

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Several equities analysts have recently commented on the stock. TD Securities reissued a “buy” rating and issued a $46.00 target price (up previously from $45.00) on shares of Suncor Energy in a report on Monday, November 21st. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 target price on shares of Suncor Energy in a report on Monday, November 21st. Zacks Investment Research raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, October 28th. Scotiabank restated an “outperform” rating and issued a $45.00 price target (up previously from $44.00) on shares of Suncor Energy in a research report on Monday, November 21st. Finally, Morgan Stanley upgraded shares of Suncor Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.41.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

5 Day Chart for NYSE:SU

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