Suncor Energy Inc. (NYSE:SU) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,496 shares of the oil and gas producer’s stock after purchasing an additional 1,133 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Suncor Energy were worth $410,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Suncor Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock valued at $1,892,526,000 after buying an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Suncor Energy by 0.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock valued at $865,885,000 after acquiring an additional 169,700 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock valued at $831,631,000 after acquiring an additional 209,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer’s stock worth $391,809,000 after acquiring an additional 445,613 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock worth $361,227,000 after acquiring an additional 437,252 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SU. Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating for the company. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

Suncor Energy Stock Up 1.5%

SU stock opened at $36.42 on Wednesday. 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 company’s 50-day moving average price is $35.66 and its 200 day moving average price is $37.37. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a market cap of $44.91 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same period last year, the firm earned $1.41 EPS. On average, research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.54%. Suncor Energy’s dividend payout ratio is 45.53%.

About Suncor Energy

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.