Dodge & Cox Purchases 70,300 Shares of Suncor Energy Inc. $SU

Dodge & Cox raised its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,471,954 shares of the oil and gas producer’s stock after purchasing an additional 70,300 shares during the period. Dodge & Cox’s holdings in Suncor Energy were worth $1,148,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SU. AQR Capital Management LLC raised its stake in shares of Suncor Energy by 14.2% during the first quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer’s stock worth $959,000 after buying an additional 3,115 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Suncor Energy by 172.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 1,254 shares during the last quarter. Savant Capital LLC grew its holdings in Suncor Energy by 47.4% during the 2nd quarter. Savant Capital LLC now owns 14,245 shares of the oil and gas producer’s stock worth $533,000 after acquiring an additional 4,580 shares during the period. Allworth Financial LP grew its holdings in Suncor Energy by 29.0% during the 2nd quarter. Allworth Financial LP now owns 2,021 shares of the oil and gas producer’s stock worth $76,000 after acquiring an additional 454 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Suncor Energy by 18.5% during the 2nd quarter. Geode Capital Management LLC now owns 10,147,653 shares of the oil and gas producer’s stock valued at $387,538,000 after acquiring an additional 1,586,520 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 0.2%

Shares of NYSE SU opened at $59.66 on Friday. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $60.13. The stock has a market cap of $70.99 billion, a price-to-earnings ratio of 17.19 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $53.28 and its 200-day moving average is $46.04.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.79 billion. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. During the same quarter in the prior year, the company earned $1.25 EPS. Equities research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, March 4th. Suncor Energy’s dividend payout ratio is 50.72%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SU shares. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on Suncor Energy from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. Royal Bank Of Canada raised their target price on Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.