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

Dodge & Cox grew its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 owned about 2.28% of Suncor Energy worth $1,148,602,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SU. Family Management Corp bought a new stake in shares of Suncor Energy in the third quarter valued at about $216,000. BTG Pactual Asset Management US LLC bought a new position in Suncor Energy during the third quarter valued at about $1,664,000. Entropy Technologies LP raised its holdings in Suncor Energy by 101.8% in the 3rd quarter. Entropy Technologies LP now owns 98,880 shares of the oil and gas producer’s stock valued at $4,134,000 after acquiring an additional 49,877 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in Suncor Energy in the 3rd quarter valued at approximately $16,345,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Suncor Energy by 62.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock worth $557,682,000 after acquiring an additional 5,113,280 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SU. Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Zacks Research downgraded shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Suncor Energy from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Suncor Energy Price Performance

Shares of SU stock opened at $59.66 on Friday. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $60.13. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $53.28 and its 200-day moving average is $46.04. The firm has a market capitalization of $70.99 billion, a price-to-earnings ratio of 17.19 and a beta of 0.43.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.79 billion. During the same quarter last year, the business posted $1.25 earnings per share. Sell-side analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 50.72%.

Suncor Energy Company Profile

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.