Suncor Energy Inc. $SU Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,609,777 shares of the oil and gas producer’s stock after buying an additional 411,243 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Suncor Energy were worth $833,622,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SU. Swiss Life Asset Management Ltd lifted its position in Suncor Energy by 35.0% in the third quarter. Swiss Life Asset Management Ltd now owns 101,192 shares of the oil and gas producer’s stock valued at $4,240,000 after purchasing an additional 26,252 shares during the period. Intact Investment Management Inc. increased its position in Suncor Energy by 36.3% during the 4th quarter. Intact Investment Management Inc. now owns 1,695,160 shares of the oil and gas producer’s stock worth $75,236,000 after purchasing an additional 451,110 shares during the period. Harvest Portfolios Group Inc. raised its stake in shares of Suncor Energy by 9.1% during the 4th quarter. Harvest Portfolios Group Inc. now owns 360,668 shares of the oil and gas producer’s stock worth $16,008,000 after buying an additional 30,210 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Suncor Energy by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 55,720,921 shares of the oil and gas producer’s stock worth $2,473,173,000 after buying an additional 1,166,405 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Suncor Energy by 3.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 431,007 shares of the oil and gas producer’s stock worth $19,155,000 after buying an additional 15,332 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Scotiabank raised shares of Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of $71.67.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $62.45 on Monday. The business’s 50 day simple moving average is $61.11 and its 200-day simple moving average is $58.78. The firm has a market capitalization of $73.73 billion, a price-to-earnings ratio of 16.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a 12 month low of $37.76 and a 12 month high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same period in the previous year, the business earned $1.31 earnings per share. As a group, equities analysts forecast that Suncor Energy Inc. will post 6.9 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 3.8%. Suncor Energy’s dividend payout ratio is 45.67%.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.