Focus Partners Wealth Purchases 10,514 Shares of Suncor Energy Inc. $SU

Key Points

• Focus Partners Wealth increased its stake in Suncor Energy by 1.3% in Q1, now holding 796,967 shares valued at approximately $30.86 million.
• Suncor Energy recently boosted its quarterly dividend to $0.4135, marking an annualized dividend of $1.65 and a yield of 3.9%.
• The company reported Q2 earnings of $0.51 EPS, exceeding analysts' expectations of $0.50, although revenue fell short at $8.81 billion versus an expected $11.56 billion.

Focus Partners Wealth increased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 796,967 shares of the oil and gas producer's stock after acquiring an additional 10,514 shares during the period. Focus Partners Wealth owned about 0.06% of Suncor Energy worth $30,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its stake in Suncor Energy by 3.0% in the fourth quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after purchasing an additional 552,018 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Suncor Energy by 65.0% in the first 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 during the last quarter. Mackenzie Financial Corp lifted its stake in Suncor Energy by 18.6% in the first quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after purchasing an additional 2,410,857 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Suncor Energy by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock worth $481,135,000 after purchasing an additional 5,658,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Suncor Energy by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer's stock worth $436,459,000 after purchasing an additional 290,900 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.4%

Suncor Energy stock traded down $0.16 during mid-day trading on Wednesday, hitting $42.86. The company's stock had a trading volume of 528,649 shares, compared to its average volume of 4,640,139. 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 stock has a market cap of $52.01 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 3.64 and a beta of 0.87. The business has a 50 day moving average price of $39.90 and a 200-day moving average price of $37.62. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $43.48.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion during 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 firm posted $1.27 earnings per share. As a group, 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. 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 3.9%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's 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.