Suncor Energy Inc. $SU Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its stake in Suncor Energy by 3.9%, now holding approximately 747,523 shares valued at about $28.94 million.
• Suncor Energy announced a quarterly dividend increase of $0.4135, resulting in an annualized yield of 4.2% and a dividend payout ratio of 50.46%.
• Despite reporting earnings per share of $0.51 that slightly surpassed expectations, Suncor's revenue fell short of forecasts at $8.81 billion, compared to analyst expectations of $11.56 billion.

American Century Companies Inc. decreased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747,523 shares of the oil and gas producer's stock after selling 30,638 shares during the quarter. American Century Companies Inc. owned 0.06% of Suncor Energy worth $28,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after purchasing an additional 6,311,513 shares in the last quarter. Inscription Capital LLC purchased a new stake in Suncor Energy in the 1st quarter worth approximately $247,000. Vident Advisory LLC boosted its position in Suncor Energy by 967.9% in the 4th quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock worth $18,522,000 after purchasing an additional 470,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Suncor Energy by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer's stock worth $135,228,000 after purchasing an additional 409,032 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Suncor Energy by 14.2% in the 4th quarter. Ameriprise Financial Inc. now owns 623,306 shares of the oil and gas producer's stock worth $22,884,000 after purchasing an additional 77,556 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Performance

Suncor Energy stock traded up $0.39 during mid-day trading on Wednesday, hitting $40.47. The company had a trading volume of 659,222 shares, compared to its average volume of 4,651,453. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.75. The company's fifty day moving average is $39.06 and its 200-day moving average is $37.42. The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 3.48 and a beta of 0.84.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 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 firm posted $1.27 EPS. Equities research analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current 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 paid a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio is currently 51.08%.

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.