Suncor Energy Inc. $SU Holdings Cut by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its position in Suncor Energy by 66.9% during the 1st quarter, selling 175,590 shares and leaving it with 86,840 shares valued at $3,362,000.
• Suncor Energy recently announced a quarterly dividend increase to $0.4135 per share, resulting in a dividend yield of 4.0% and a payout ratio of 51.08%.
• Despite recent adjustments in institutional holdings, Suncor Energy's stock was down 0.6% as of the latest trading data, with a market cap of $50.37 billion.

Graham Capital Management L.P. cut its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,840 shares of the oil and gas producer's stock after selling 175,590 shares during the period. Graham Capital Management L.P.'s holdings in Suncor Energy were worth $3,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Suncor Energy by 3.0% during 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 purchasing an additional 552,018 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Suncor Energy by 65.0% during the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $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% during the first 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 last quarter. Goldman Sachs Group Inc. lifted its stake in Suncor Energy by 83.6% during the first 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Suncor Energy by 2.6% during the first 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 during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Price Performance

SU 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 1-year low of $30.79 and a 1-year high of $41.76. The stock has a market cap of $49.53 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 3.56 and a beta of 0.87. The stock has a fifty day moving average of $39.29 and a 200-day moving average of $37.49. 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 (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, beating 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 business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same period in the prior year, the business earned $1.27 earnings per share. On average, analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.4135 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is currently 51.08%.

About Suncor Energy

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.