Suncor Energy Inc. (NYSE:SU) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. trimmed its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 39.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,875 shares of the oil and gas producer’s stock after selling 3,200 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Suncor Energy were worth $174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after acquiring an additional 20,081 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Suncor Energy by 1,345.8% during the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after purchasing an additional 436,016 shares during the last quarter. Aigen Investment Management LP bought a new position in Suncor Energy in the 3rd quarter worth approximately $1,376,000. DRW Securities LLC acquired a new position in Suncor Energy during the 3rd quarter valued at $1,151,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Suncor Energy by 1,324.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after purchasing an additional 3,225,543 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Trading Down 0.1 %

Shares of NYSE SU opened at $40.05 on Thursday. Suncor Energy Inc. has a 1-year low of $31.03 and a 1-year high of $41.94. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $38.07 and a two-hundred day moving average of $38.50. The company has a market cap of $49.85 billion, a PE ratio of 8.73, a P/E/G ratio of 3.38 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.08%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 35.08%.

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.