Assenagon Asset Management S.A. Has $18.12 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Assenagon Asset Management S.A. raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1,689.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 565,339 shares of the oil and gas producer’s stock after purchasing an additional 533,754 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Suncor Energy were worth $18,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new stake in Suncor Energy during the third quarter valued at approximately $29,000. Optiver Holding B.V. acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of Suncor Energy in the 1st quarter worth approximately $31,000. Headinvest LLC acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $40,000. Finally, Private Trust Co. NA boosted its holdings in shares of Suncor Energy by 38.4% in the 3rd quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 339 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Up 0.1 %

Shares of SU opened at $36.47 on Thursday. The company has a market capitalization of $46.98 billion, a P/E ratio of 7.76, a PEG ratio of 3.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. Suncor Energy Inc. has a one year low of $27.59 and a one year high of $36.88. The business’s 50 day simple moving average is $33.66 and its 200-day simple moving average is $33.22.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the previous year, the business earned $1.33 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.58 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.406 dividend. This represents a $1.62 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Suncor Energy’s previous quarterly dividend of $0.39. Suncor Energy’s payout ratio is 34.26%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.