Mediolanum International Funds Ltd Has $9.74 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Mediolanum International Funds Ltd grew its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,037 shares of the oil and gas producer’s stock after purchasing an additional 26,188 shares during the period. Mediolanum International Funds Ltd’s holdings in Suncor Energy were worth $9,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SU. Foster & Motley Inc. acquired a new position in Suncor Energy in the fourth quarter worth approximately $751,000. Hantz Financial Services Inc. increased its stake in shares of Suncor Energy by 12.3% during the 4th quarter. Hantz Financial Services Inc. now owns 22,650 shares of the oil and gas producer’s stock worth $808,000 after purchasing an additional 2,479 shares during the last quarter. R Squared Ltd bought a new position in shares of Suncor Energy during the 4th quarter valued at $332,000. Blue Trust Inc. lifted its stake in shares of Suncor Energy by 87.5% in the 4th quarter. Blue Trust Inc. now owns 9,599 shares of the oil and gas producer’s stock valued at $354,000 after purchasing an additional 4,479 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Suncor Energy by 8.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 26,939 shares of the oil and gas producer’s stock worth $961,000 after purchasing an additional 2,124 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 3.0 %

SU opened at $37.50 on Friday. The business has a 50 day moving average of $37.86 and a 200-day moving average of $38.56. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.97 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 1-year low of $31.25 and a 1-year high of $41.94.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.36%. Suncor Energy’s dividend payout ratio is 35.08%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SU shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy 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.