Suncor Energy Inc. (NYSE:SU) Stock Position Lifted by Navellier & Associates Inc.

Navellier & Associates Inc. grew its holdings in Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,464 shares of the oil and gas producer’s stock after acquiring an additional 1,751 shares during the period. Navellier & Associates Inc.’s holdings in Suncor Energy were worth $1,314,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its position in Suncor Energy by 38.9% in the first quarter. Advisor Group Holdings Inc. now owns 79,719 shares of the oil and gas producer’s stock worth $2,416,000 after acquiring an additional 22,317 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Suncor Energy by 9.7% in the second quarter. Bank of Nova Scotia now owns 16,525,258 shares of the oil and gas producer’s stock worth $579,760,000 after buying an additional 1,466,520 shares during the last quarter. Herold Advisors Inc. acquired a new stake in shares of Suncor Energy in the first quarter worth $33,000. Walker Asset Management LLC acquired a new stake in shares of Suncor Energy in the second quarter worth $2,483,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Suncor Energy by 23.5% in the second quarter. Lindbrook Capital LLC now owns 3,269 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 623 shares during the last quarter. 58.79% of the stock is owned by institutional investors.

Suncor Energy Price Performance

Shares of SU traded down $0.36 during trading hours on Thursday, hitting $35.74. The stock had a trading volume of 2,889,597 shares, compared to its average volume of 4,873,953. The company’s fifty day moving average is $32.70 and its two-hundred day moving average is $33.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.26 and a quick ratio of 0.91. Suncor Energy Inc. has a 52 week low of $22.22 and a 52 week high of $42.72. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.64 and a beta of 1.31.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 2nd will be issued a $0.3911 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, December 1st. This represents a $1.56 annualized dividend and a dividend yield of 4.38%. Suncor Energy’s dividend payout ratio is presently 32.80%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SU shares. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Raymond James upped their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a research note on Tuesday, November 8th. Credit Suisse Group cut their target price on shares of Suncor Energy from C$63.00 to C$60.00 in a research note on Monday. National Bank Financial cut their target price on shares of Suncor Energy from C$63.00 to C$53.00 in a research note on Friday, September 30th. Finally, Jefferies Financial Group started coverage on shares of Suncor Energy in a research note on Wednesday, October 19th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.33.

Suncor Energy Profile

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Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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

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