World Investment Advisors LLC Increases Stake in Suncor Energy Inc. (NYSE:SU)

World Investment Advisors LLC raised its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,641 shares of the oil and gas producer’s stock after buying an additional 865 shares during the period. World Investment Advisors LLC’s holdings in Suncor Energy were worth $577,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Eastern Bank acquired a new stake in shares of Suncor Energy in the third quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in Suncor Energy in the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its stake in shares of Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Suncor Energy during the second quarter worth about $29,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Suncor Energy during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SU shares. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $36.26 on Tuesday. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94. The firm has a market capitalization of $45.62 billion, a P/E ratio of 7.90, a P/E/G ratio of 2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company’s fifty day moving average price is $39.07 and its 200 day moving average price is $38.69.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.4089 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.51%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is 36.60%.

Suncor Energy Company 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.