ICONIQ Capital LLC Purchases Shares of 6,346 Suncor Energy Inc. $SU

Key Points

• ICONIQ Capital LLC has acquired 6,346 shares of Suncor Energy, valued at approximately $246,000, as reported in its Form 13F filing.
• Several other institutional investors, including Hanson & Doremus and Salem Investment Counselors, also significantly increased their positions in Suncor Energy in the first quarter.
• Suncor Energy recently declared a quarterly dividend of $0.4135 per share, an increase from its previous dividend, representing an annualized yield of 4.1%.

ICONIQ Capital LLC acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,346 shares of the oil and gas producer's stock, valued at approximately $246,000.

Other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management lifted its position in shares of Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 465 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $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 in the first quarter worth $36,000. Wayfinding Financial LLC bought a new stake in shares of Suncor Energy in the first quarter worth $42,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Suncor Energy in the first quarter worth $44,000. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

Shares of SU stock opened at $40.36 on Tuesday. The company's fifty day simple moving average is $39.07 and its 200-day simple moving average is $37.40. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The firm has a market cap of $49.15 billion, a PE ratio of 12.42, a P/E/G ratio of 3.44 and a beta of 0.84. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.94.

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 analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal 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 given a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a yield of 4.1%. 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 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.

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