Dodge & Cox Sells 958,200 Shares of Suncor Energy Inc. (NYSE:SU)

Dodge & Cox cut its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,452,054 shares of the oil and gas producer's stock after selling 958,200 shares during the quarter. Dodge & Cox owned approximately 2.29% of Suncor Energy worth $1,015,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board lifted its position in shares of Suncor Energy by 58.0% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 230,179 shares of the oil and gas producer's stock valued at $8,206,000 after acquiring an additional 84,463 shares in the last quarter. Guggenheim Capital LLC grew its stake in Suncor Energy by 8.9% during the fourth quarter. Guggenheim Capital LLC now owns 10,759 shares of the oil and gas producer's stock valued at $384,000 after acquiring an additional 878 shares in the last quarter. Mariner LLC increased its holdings in Suncor Energy by 3.7% in the 4th quarter. Mariner LLC now owns 63,918 shares of the oil and gas producer's stock valued at $2,280,000 after acquiring an additional 2,310 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Suncor Energy by 4.8% during the 4th quarter. Synovus Financial Corp now owns 85,314 shares of the oil and gas producer's stock valued at $3,044,000 after purchasing an additional 3,943 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Suncor Energy in the fourth quarter worth about $205,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Up 2.0 %

Shares of NYSE SU traded up $0.67 during midday trading on Friday, hitting $34.48. The company's stock had a trading volume of 3,015,187 shares, compared to its average volume of 4,473,333. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of $42.66 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business's 50 day moving average is $36.67 and its two-hundred day moving average is $37.85.

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

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. 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 4.63%. Suncor Energy's dividend payout ratio is currently 45.51%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.