Charles Schwab Investment Management Inc. Purchases 39,681 Shares of Suncor Energy Inc. (NYSE:SU)

Charles Schwab Investment Management Inc. increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,497,006 shares of the oil and gas producer's stock after buying an additional 39,681 shares during the period. Charles Schwab Investment Management Inc. owned 0.36% of Suncor Energy worth $174,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hanson & Doremus Investment Management increased its stake in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Suncor Energy in the first quarter valued at $36,000. Covestor Ltd increased its stake in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Suncor Energy in the first quarter valued at $42,000. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Down 0.1%

Shares of NYSE:SU traded down $0.04 during midday trading on Friday, hitting $38.96. 406,411 shares of the company's stock were exchanged, compared to its average volume of 4,677,951. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The stock has a 50 day moving average price of $39.01 and a 200-day moving average price of $37.37. The company has a market cap of $47.44 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 3.35 and a beta of 0.84. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $1.27 earnings per share. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is currently 51.08%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Suncor Energy Company 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.