Alyeska Investment Group L.P. Has $22.08 Million Position in Suncor Energy Inc. $SU

Key Points

• Alyeska Investment Group L.P. has reduced its stake in Suncor Energy by 55.7%, selling 715,592 shares and holding 570,236 shares valued at approximately $22.08 million as of the latest quarter.
• Suncor Energy has recently announced a quarterly dividend increase to $0.4135 per share, representing a 4.1% yield and a slight increase from the previous dividend of $0.41.
• The company's stock is currently trading at $40.18, with a market cap of $48.76 billion and a PE ratio of 12.36.

Alyeska Investment Group L.P. trimmed its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 55.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,236 shares of the oil and gas producer's stock after selling 715,592 shares during the period. Alyeska Investment Group L.P.'s holdings in Suncor Energy were worth $22,080,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Amundi boosted its holdings in Suncor Energy by 3.7% in the 1st quarter. Amundi now owns 4,386,824 shares of the oil and gas producer's stock valued at $161,347,000 after purchasing an additional 156,038 shares during the period. PDT Partners LLC boosted its stake in shares of Suncor Energy by 84.3% in the 1st quarter. PDT Partners LLC now owns 182,301 shares of the oil and gas producer's stock valued at $7,059,000 after purchasing an additional 83,381 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Suncor Energy in the 1st quarter valued at about $467,000. Flputnam Investment Management Co. bought a new position in Suncor Energy during the 1st quarter worth approximately $208,000. Finally, Ewing Morris & Co. Investment Partners Ltd. bought a new position in Suncor Energy during the 1st quarter worth approximately $276,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Up 1.3%

SU stock traded up $0.54 during mid-day trading on Wednesday, hitting $41.50. 1,345,270 shares of the company were exchanged, compared to its average volume of 4,673,284. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.91. The firm's 50 day simple moving average is $39.51 and its 200 day simple moving average is $37.49. The firm has a market cap of $50.35 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.47 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same period in the previous year, the company earned $1.27 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a $0.4135 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.0%. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. Suncor Energy's dividend payout ratio is currently 50.77%.

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.