Charles Schwab Investment Management Inc. Has $159.03 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Charles Schwab Investment Management Inc. increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,457,325 shares of the oil and gas producer's stock after purchasing an additional 99,669 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.36% of Suncor Energy worth $159,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SU. HHM Wealth Advisors LLC increased its stake in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Suncor Energy in the 4th quarter worth $39,000. Stonebridge Financial Group LLC bought a new position in Suncor Energy during the fourth quarter valued at about $45,000. UMB Bank n.a. boosted its stake in Suncor Energy by 27.5% during the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer's stock worth $61,000 after purchasing an additional 570 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

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Suncor Energy Stock Down 0.8 %

NYSE:SU traded down $0.28 during mid-day trading on Tuesday, reaching $35.39. The stock had a trading volume of 6,379,982 shares, compared to its average volume of 4,915,675. The stock has a market cap of $43.78 billion, a P/E ratio of 10.26, a PEG ratio of 2.94 and a beta of 1.11. The business's 50 day moving average is $38.29 and its 200 day moving average is $38.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.51%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Analysts Set New Price Targets

SU has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Finally, Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.