Grantham Mayo Van Otterloo & Co. LLC Invests $5.14 Million in Suncor Energy Inc. (NYSE:SU)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 144,064 shares of the oil and gas producer's stock, valued at approximately $5,140,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Suncor Energy by 16.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 42,168 shares of the oil and gas producer's stock worth $1,505,000 after purchasing an additional 5,884 shares during the last quarter. ExodusPoint Capital Management LP grew its holdings in Suncor Energy by 1,037.7% in the 4th quarter. ExodusPoint Capital Management LP now owns 282,900 shares of the oil and gas producer's stock valued at $10,094,000 after buying an additional 258,033 shares during the period. World Investment Advisors increased its stake in shares of Suncor Energy by 55.4% during the 4th quarter. World Investment Advisors now owns 24,310 shares of the oil and gas producer's stock valued at $867,000 after acquiring an additional 8,669 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Suncor Energy by 2.5% during the 4th quarter. Huntington National Bank now owns 21,717 shares of the oil and gas producer's stock worth $775,000 after acquiring an additional 529 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Suncor Energy by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock valued at $831,631,000 after purchasing an additional 209,447 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SU has been the topic of a number of research analyst reports. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Suncor Energy Stock Up 3.9 %

SU stock traded up $1.27 during midday trading on Friday, hitting $33.48. 6,236,798 shares of the company's stock were exchanged, compared to its average volume of 4,495,517. The firm has a 50 day moving average price of $37.20 and a 200-day moving average price of $37.97. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

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

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.77%. Suncor Energy's payout ratio is 45.51%.

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.