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

Dimensional Fund Advisors LP increased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 owned approximately 0.88% of Suncor Energy worth $391,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock valued at $123,774,000 after purchasing an additional 3,225,543 shares during the period. Principal Financial Group Inc. grew its stake in Suncor Energy by 39.9% in the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock valued at $346,298,000 after buying an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Suncor Energy by 2,061.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock valued at $86,990,000 after acquiring an additional 2,325,503 shares during the period. Fisher Asset Management LLC lifted its position in Suncor Energy by 97.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer’s stock worth $133,250,000 after acquiring an additional 1,842,791 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Suncor Energy by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer’s stock worth $278,537,000 after acquiring an additional 1,737,573 shares during the period. Institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday. 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $34.48 on Friday. The company has a 50 day moving average of $36.67 and a 200-day moving average of $37.85. The company has a market cap of $42.66 billion, a PE ratio of 10.00, 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 Inc. has a 1-year low of $30.79 and a 1-year high of $41.95.

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

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a $0.399 dividend. 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 presently 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.