FCG Investment Co Acquires Shares of 37,628 Suncor Energy Inc. $SU

Key Points

• FCG Investment Co acquired a new stake in Suncor Energy Inc. by purchasing 37,628 shares valued at approximately $1.46 million during the first quarter.
• The company's recent quarterly earnings report showed earnings per share of $0.51, slightly exceeding analysts' expectations of $0.50, although revenue fell short at $8.81 billion versus an expected $11.56 billion.
• Suncor Energy announced an increase in its quarterly dividend to $0.4135 per share, reflecting an annualized yield of 4.3%, with a payout ratio of 51.08%.

FCG Investment Co acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,628 shares of the oil and gas producer's stock, valued at approximately $1,457,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SU. Hanson & Doremus Investment Management increased its holdings in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 465 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 405 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Suncor Energy in the first quarter valued at $36,000. Wayfinding Financial LLC acquired a new position in shares of Suncor Energy during the first quarter valued at about $42,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Suncor Energy during the 1st quarter worth about $44,000. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Up 0.5%

Shares of SU traded up $0.2030 during trading hours on Wednesday, hitting $38.5630. The stock had a trading volume of 5,064,720 shares, compared to its average volume of 4,681,129. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.94. The firm has a market capitalization of $46.97 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. The firm has a 50 day simple moving average of $39.10 and a 200-day simple moving average of $37.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 4.3%. Suncor Energy's payout ratio is presently 51.08%.

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.