Suncor Energy Inc. (NYSE:SU) is Cardinal Capital Management Inc.'s 2nd Largest Position

Cardinal Capital Management Inc. lowered its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,624,028 shares of the oil and gas producer's stock after selling 30,079 shares during the quarter. Suncor Energy comprises approximately 4.8% of Cardinal Capital Management Inc.'s portfolio, making the stock its 2nd largest holding. Cardinal Capital Management Inc. owned approximately 0.29% of Suncor Energy worth $140,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Suncor Energy by 86.0% in 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 last quarter. Sage Investment Counsel LLC bought a new stake in shares of Suncor Energy during the 4th quarter worth $300,000. J.W. Cole Advisors Inc. bought a new stake in shares of Suncor Energy during the 4th quarter worth $236,000. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 1,573,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Suncor Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,457,325 shares of the oil and gas producer's stock valued at $159,030,000 after purchasing an additional 99,669 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bank of America initiated coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating on the stock. Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Scotiabank raised shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

Suncor Energy Stock Up 1.7%

Shares of SU stock traded up $0.64 during mid-day trading on Tuesday, reaching $37.62. 6,065,547 shares of the company's stock traded hands, compared to its average volume of 4,483,493. The company's 50-day moving average price is $35.07 and its 200-day moving average price is $36.91. The company has a market cap of $46.19 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.39%. Suncor Energy's dividend payout ratio is currently 47.55%.

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.