Suncor Energy Inc. $SU Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% in the third quarter, Holdings Channel.com reports. The fund owned 11,975,602 shares of the oil and gas producer’s stock after acquiring an additional 259,684 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Suncor Energy were worth $500,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SU. Picton Mahoney Asset Management raised its stake in Suncor Energy by 314.8% in the 3rd quarter. Picton Mahoney Asset Management now owns 627,313 shares of the oil and gas producer’s stock valued at $26,246,000 after purchasing an additional 476,077 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Suncor Energy by 2.1% during the third quarter. Victory Capital Management Inc. now owns 91,147 shares of the oil and gas producer’s stock worth $3,811,000 after buying an additional 1,843 shares in the last quarter. Sprott Inc. raised its position in shares of Suncor Energy by 33.4% in the third quarter. Sprott Inc. now owns 18,779 shares of the oil and gas producer’s stock valued at $785,000 after buying an additional 4,700 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Suncor Energy by 85.5% in the third quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after buying an additional 7,158,953 shares in the last quarter. Finally, Aviso Financial Inc. boosted its position in Suncor Energy by 4.9% during the third quarter. Aviso Financial Inc. now owns 161,216 shares of the oil and gas producer’s stock worth $6,748,000 after acquiring an additional 7,473 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Zacks Research cut Suncor Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $46.15 to $54.00 in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their target price on Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Suncor Energy Trading Up 0.3%

SU opened at $57.33 on Thursday. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $58.47. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $51.32 and a 200-day simple moving average of $45.16. The firm has a market cap of $68.22 billion, a P/E ratio of 16.52 and a beta of 0.43.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.2%. Suncor Energy’s payout ratio is presently 49.57%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.