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

Dodge & Cox lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.3% in the fourth quarter, according to the company in its most recent 13F 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 period. Dodge & Cox’s holdings in Suncor Energy were worth $1,015,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its stake in shares of Suncor Energy by 32.3% during the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after buying an additional 20,081 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Suncor Energy by 86.0% during the 4th 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 acquired a new position in Suncor Energy in the fourth quarter valued at $300,000. J.W. Cole Advisors Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $236,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock worth $110,017,000 after buying an additional 1,573,726 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SU shares. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 9th. Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.20.

Suncor Energy Stock Performance

Shares of SU opened at $33.50 on Tuesday. The firm has a market capitalization of $41.44 billion, a P/E ratio of 9.71, a PEG ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.95. The business has a fifty day moving average of $37.09 and a 200 day moving average of $37.96.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

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.