Dimensional Fund Advisors LP Has $391.81 Million Stake in Suncor Energy Inc. (NYSE:SU)

Dimensional Fund Advisors LP boosted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,981,927 shares of the oil and gas producer’s stock after purchasing an additional 445,613 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Suncor Energy were worth $391,809,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after purchasing an additional 31,366 shares during the period. Sage Investment Counsel LLC acquired a new position in Suncor Energy during the 4th quarter worth about $300,000. J.W. Cole Advisors Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at about $236,000. Bank of New York Mellon Corp increased its stake in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock valued at $110,017,000 after buying an additional 1,573,726 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Suncor Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer’s stock worth $159,030,000 after acquiring an additional 99,669 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating for the company. 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. Tudor, Pickering, Holt & Co. raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Stock Up 2.0 %

SU stock opened at $34.48 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.95. The stock’s 50 day simple moving average is $36.67 and its 200 day simple moving average is $37.85. The company has a market cap of $42.66 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s dividend payout ratio is currently 45.51%.

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.