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

Key Points

• Dimensional Fund Advisors LP increased its holdings in Suncor Energy by 2.6% in Q1, now owning over 11.27 million shares valued at approximately $436 million.
• Suncor Energy recently announced a quarterly dividend increase to $0.4135 per share, representing a 4.3% yield, with the payment set for September 25.
• The company reported earnings of $0.51 per share for the last quarter, exceeding estimates, while its revenue was $8.81 billion, below expectations.

Dimensional Fund Advisors LP boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,272,827 shares of the oil and gas producer's stock after buying an additional 290,900 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.91% of Suncor Energy worth $436,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in Suncor Energy by 3.0% in the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after buying an additional 552,018 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after acquiring an additional 6,311,513 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Suncor Energy by 18.6% in the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock valued at $595,398,000 after acquiring an additional 2,410,857 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Suncor Energy by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock valued at $481,135,000 after acquiring an additional 5,658,880 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Suncor Energy by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,497,006 shares of the oil and gas producer's stock valued at $174,102,000 after acquiring an additional 39,681 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

SU stock traded up $0.0880 during mid-day trading on Thursday, reaching $38.6880. The company's stock had a trading volume of 1,146,610 shares, compared to its average volume of 4,657,888. The stock has a market cap of $47.12 billion, a PE ratio of 11.91, a P/E/G ratio of 3.30 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.94. The company's 50 day moving average is $39.10 and its two-hundred day moving average is $37.38.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter in the prior year, the firm earned $1.27 EPS. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.3%. Suncor Energy's dividend payout ratio is presently 51.08%.

About Suncor Energy

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.