Dimensional Fund Advisors LP Buys 445,613 Shares of Suncor Energy Inc. (NYSE:SU)

Dimensional Fund Advisors LP grew its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,981,927 shares of the oil and gas producer's stock after acquiring an additional 445,613 shares during the period. Dimensional Fund Advisors LP owned about 0.88% of Suncor Energy worth $391,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. First Trust Advisors LP grew its position in shares of Suncor Energy by 133.4% in the fourth quarter. First Trust Advisors LP now owns 345,595 shares of the oil and gas producer's stock valued at $12,332,000 after purchasing an additional 197,512 shares during the period. Forum Financial Management LP increased its holdings in shares of Suncor Energy by 72.0% in the fourth quarter. Forum Financial Management LP now owns 9,618 shares of the oil and gas producer's stock valued at $343,000 after purchasing an additional 4,026 shares during the last quarter. Freedom Investment Management Inc. raised its stake in Suncor Energy by 2.0% during the fourth quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock worth $547,000 after purchasing an additional 302 shares during the period. Marshall Wace LLP lifted its holdings in Suncor Energy by 445.5% in the fourth quarter. Marshall Wace LLP now owns 388,120 shares of the oil and gas producer's stock valued at $13,848,000 after acquiring an additional 316,977 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Suncor Energy by 12.6% during the 4th quarter. NewEdge Advisors LLC now owns 54,845 shares of the oil and gas producer's stock worth $1,957,000 after purchasing an additional 6,152 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded down $0.33 during trading on Wednesday, reaching $35.09. The company's stock had a trading volume of 3,011,862 shares, compared to its average volume of 4,473,689. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $43.41 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The stock has a 50-day moving average price of $36.48 and a two-hundred day moving average price of $37.78. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95.

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

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.55%. Suncor Energy's dividend payout ratio is currently 45.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Bank of America began coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

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.