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 grew its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 796,967 shares of the oil and gas producer's stock after purchasing an additional 10,514 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of Suncor Energy worth $30,859,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank lifted its holdings 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 valued at $680,847,000 after buying an additional 552,018 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 acquiring an additional 6,311,513 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Suncor Energy by 18.6% in the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock valued at $595,398,000 after purchasing an additional 2,410,857 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Suncor Energy by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock valued at $481,135,000 after purchasing an additional 5,658,880 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Suncor Energy by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer's stock valued at $436,459,000 after purchasing an additional 290,900 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.7%

SU traded down $0.29 during trading on Friday, hitting $41.73. The company's stock had a trading volume of 1,937,645 shares, compared to its average volume of 4,256,477. The firm has a market capitalization of $50.63 billion, a P/E ratio of 12.84, a PEG ratio of 3.59 and a beta of 0.87. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $42.40. The stock's fifty day moving average price is $39.72 and its 200-day moving average price is $37.56. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced 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 net margin of 11.35% and a return on equity of 13.21%. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter last year, the firm posted $1.27 EPS. Analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.4135 dividend. This represents a $1.65 annualized dividend and a yield of 4.0%. This is an increase 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 presently 50.77%.

Suncor Energy Company 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.