Fisher Asset Management LLC Has $649.35 Million Stake in Suncor Energy Inc. $SU

Fisher Asset Management LLC increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 85.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,530,965 shares of the oil and gas producer’s stock after buying an additional 7,158,953 shares during the period. Fisher Asset Management LLC owned 1.29% of Suncor Energy worth $649,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aviso Financial Inc. raised its holdings in shares of Suncor Energy by 4.9% during the 3rd quarter. Aviso Financial Inc. now owns 161,216 shares of the oil and gas producer’s stock valued at $6,748,000 after purchasing an additional 7,473 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Suncor Energy by 2.1% in the third quarter. American Century Companies Inc. now owns 896,556 shares of the oil and gas producer’s stock worth $37,519,000 after buying an additional 18,231 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in shares of Suncor Energy by 167.8% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 330,458 shares of the oil and gas producer’s stock worth $13,829,000 after acquiring an additional 207,046 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Suncor Energy by 101.3% during the 3rd quarter. Quantbot Technologies LP now owns 50,453 shares of the oil and gas producer’s stock valued at $2,109,000 after acquiring an additional 25,393 shares during the last quarter. Finally, Ninepoint Partners LP raised its stake in shares of Suncor Energy by 73.9% in the 3rd quarter. Ninepoint Partners LP now owns 140,874 shares of the oil and gas producer’s stock valued at $5,890,000 after acquiring an additional 59,879 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Up 1.8%

SU opened at $56.50 on Monday. The firm has a 50 day simple moving average of $50.46 and a 200 day simple moving average of $44.81. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $57.13. The company has a market cap of $67.23 billion, a price-to-earnings ratio of 16.28 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.79 billion. During the same period last year, the company posted $1.25 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s dividend payout ratio is presently 50.14%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Raymond James Financial upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.