DRW Securities LLC Purchases 31,600 Shares of Suncor Energy Inc. $SU

Key Points

• DRW Securities LLC increased its stake in Suncor Energy Inc. by 102.7%, acquiring an additional 31,600 shares and bringing its total holdings to 62,383 shares valued at $2,415,000.
• Suncor Energy recently reported an earnings per share (EPS) of $0.51, exceeding analyst expectations, and posted quarterly revenue of $8.81 billion, falling short of the predicted $11.56 billion.
• The company announced an increase in its quarterly dividend to $0.4135 per share, marking a yield of 4.0% and demonstrating a solid payout ratio of 51.08%.

DRW Securities LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 102.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,383 shares of the oil and gas producer's stock after buying an additional 31,600 shares during the period. DRW Securities LLC's holdings in Suncor Energy were worth $2,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hanson & Doremus Investment Management raised its position in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 465 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Suncor Energy by 97.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at about $36,000. Wayfinding Financial LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at about $42,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at about $44,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Trading Down 1.5%

Shares of Suncor Energy stock traded down $0.64 on Wednesday, hitting $40.67. 12,028,960 shares of the company's stock traded hands, compared to its average volume of 3,572,806. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The company has a fifty day moving average of $39.24 and a two-hundred day moving average of $37.47. The company has a market capitalization of $49.53 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating 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 company 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 EPS. As a group, sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.4135 dividend. The ex-dividend date is Thursday, September 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a yield of 4.1%. 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.