Dimensional Fund Advisors LP Acquires 445,613 Shares of Suncor Energy Inc. (NYSE:SU)

Dimensional Fund Advisors LP boosted its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,981,927 shares of the oil and gas producer's stock after buying 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.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after acquiring an additional 323,714 shares during the period. Artisan Partners Limited Partnership increased its position in Suncor Energy by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock worth $865,885,000 after buying an additional 169,700 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 buying an additional 209,447 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock valued at $361,227,000 after buying an additional 437,252 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings 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 worth $346,298,000 after acquiring an additional 2,767,043 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

NYSE:SU traded down $0.03 during mid-day trading on Friday, reaching $35.57. The stock had a trading volume of 1,064,659 shares, compared to its average volume of 4,461,486. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The firm has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $37.73. The stock has a market capitalization of $44.01 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping 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%. As a group, analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 yield of 4.49%. Suncor Energy's dividend payout ratio is currently 45.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SU. 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, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.