Dodge & Cox Trims Holdings in Suncor Energy Inc. (NYSE:SU)

Dodge & Cox decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,452,054 shares of the oil and gas producer's stock after selling 958,200 shares during the period. Dodge & Cox owned 2.29% of Suncor Energy worth $1,015,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SU. Ontario Teachers Pension Plan Board increased its holdings in shares of Suncor Energy by 58.0% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 230,179 shares of the oil and gas producer's stock valued at $8,206,000 after acquiring an additional 84,463 shares in the last quarter. Guggenheim Capital LLC grew its position in Suncor Energy by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 10,759 shares of the oil and gas producer's stock worth $384,000 after purchasing an additional 878 shares during the last quarter. Mariner LLC increased its stake in Suncor Energy by 3.7% during the 4th quarter. Mariner LLC now owns 63,918 shares of the oil and gas producer's stock valued at $2,280,000 after purchasing an additional 2,310 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Suncor Energy by 4.8% in the fourth quarter. Synovus Financial Corp now owns 85,314 shares of the oil and gas producer's stock worth $3,044,000 after buying an additional 3,943 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Suncor Energy during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

SU traded up $0.67 during trading on Friday, hitting $34.48. The company's stock had a trading volume of 3,015,187 shares, compared to its average volume of 4,476,006. The firm has a market capitalization of $42.66 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.95. The business's fifty day simple moving average is $36.79 and its 200 day simple moving average is $37.88. 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 released its 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 net margin of 11.80% and a return on equity of 15.37%. On average, equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy's payout ratio is currently 45.51%.

Analyst Upgrades and Downgrades

SU has been the subject of a number of research reports. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $66.00 price target on shares of Suncor Energy in a report 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. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

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.