9,982 Shares in Suncor Energy Inc. $SU Bought by Baron Wealth Management LLC

Key Points

• Baron Wealth Management LLC has acquired a total of 9,982 shares of Suncor Energy Inc., valued at approximately $374,000, in its recent filing with the Securities & Exchange Commission.
• Suncor Energy reported earnings of $0.51 EPS for the quarter, slightly beating analysts' estimates, despite a decrease in revenue compared to the previous year.
• Additionally, Suncor Energy has declared an increased quarterly dividend of $0.4135, up from $0.41, representing a yield of 3.8%.

Baron Wealth Management LLC bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,982 shares of the oil and gas producer's stock, valued at approximately $374,000.

A number of other large investors also recently modified their holdings of SU. Acadian Asset Management LLC grew its holdings in Suncor Energy by 12,290.9% during the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer's stock worth $480,760,000 after acquiring an additional 12,318,559 shares during the period. Principal Financial Group Inc. grew its holdings in Suncor Energy by 65.0% during 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 acquiring an additional 6,311,513 shares during the period. Goldman Sachs Group Inc. grew its holdings in Suncor Energy by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock worth $481,135,000 after acquiring an additional 5,658,880 shares during the period. Nuveen LLC acquired a new stake in Suncor Energy during the 1st quarter worth $126,048,000. Finally, Mackenzie Financial Corp grew its holdings in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after acquiring an additional 2,410,857 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Down 2.7%

SU traded down $1.14 during trading on Friday, reaching $41.58. 7,717,165 shares of the company's stock were exchanged, compared to its average volume of 4,269,130. The company's fifty day moving average price is $40.06 and its 200-day moving average price is $37.77. 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 fifty-two week low of $30.79 and a fifty-two week high of $43.48. The firm has a market capitalization of $50.27 billion, a PE ratio of 12.79, a P/E/G ratio of 3.58 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the previous year, the business earned $1.27 EPS. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.4135 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. 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.