Quantinno Capital Management LP Acquires 11,887 Shares of Suncor Energy Inc. (NYSE:SU)

Quantinno Capital Management LP grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 47.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,193 shares of the oil and gas producer’s stock after acquiring an additional 11,887 shares during the quarter. Quantinno Capital Management LP’s holdings in Suncor Energy were worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cullen Investment Group LTD. lifted its holdings in Suncor Energy by 0.8% during the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 262 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Suncor Energy by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock worth $186,000 after purchasing an additional 281 shares during the last quarter. Blue Trust Inc. lifted its holdings in Suncor Energy by 11.0% in the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after acquiring an additional 325 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 328 shares during the period. Finally, X Square Capital LLC grew its position in Suncor Energy by 0.5% in the second quarter. X Square Capital LLC now owns 79,664 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 388 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 2.5 %

Suncor Energy stock opened at $37.19 on Friday. The stock has a 50-day moving average of $39.27 and a two-hundred day moving average of $38.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market cap of $46.79 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. Suncor Energy Inc. has a one year low of $29.53 and a one year high of $41.94.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.40%. Suncor Energy’s dividend payout ratio is presently 36.60%.

Wall Street Analyst Weigh In

SU has been the topic of a number of recent research reports. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.40.

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.