OneDigital Investment Advisors LLC Acquires 15,991 Shares of Suncor Energy Inc. (NYSE:SU)

OneDigital Investment Advisors LLC lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 137.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,611 shares of the oil and gas producer’s stock after acquiring an additional 15,991 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Suncor Energy were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Metis Global Partners LLC grew its holdings in shares of Suncor Energy by 4.6% in the third quarter. Metis Global Partners LLC now owns 76,110 shares of the oil and gas producer’s stock worth $2,809,000 after purchasing an additional 3,350 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Suncor Energy by 67.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 23,761 shares of the oil and gas producer’s stock worth $877,000 after acquiring an additional 9,582 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Suncor Energy in the third quarter valued at about $202,000. Simmons Bank raised its stake in shares of Suncor Energy by 9.1% during the third quarter. Simmons Bank now owns 42,613 shares of the oil and gas producer’s stock valued at $1,573,000 after acquiring an additional 3,547 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Suncor Energy during the third quarter worth about $1,376,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $56.40.

Suncor Energy Stock Performance

Shares of SU stock opened at $40.81 on Tuesday. The company’s fifty day moving average price is $38.47 and its 200-day moving average price is $38.79. The stock has a market cap of $51.49 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is 36.60%.

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.