Intech Investment Management LLC lowered its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 42.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 448,447 shares of the oil and gas producer's stock after selling 327,374 shares during the quarter. Intech Investment Management LLC's holdings in Suncor Energy were worth $17,361,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised 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 valued at $620,136,000 after purchasing an additional 6,311,513 shares in the last quarter. Inscription Capital LLC bought a new stake in shares of Suncor Energy during the first quarter worth about $247,000. Vident Advisory LLC grew its holdings in shares of Suncor Energy by 967.9% during the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock worth $18,522,000 after purchasing an additional 470,500 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Suncor Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer's stock worth $135,228,000 after purchasing an additional 409,032 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Suncor Energy by 14.2% during the fourth quarter. Ameriprise Financial Inc. now owns 623,306 shares of the oil and gas producer's stock worth $22,884,000 after purchasing an additional 77,556 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.
Suncor Energy Trading Up 1.3%
Shares of NYSE:SU traded up $0.52 during midday trading on Monday, hitting $42.24. 1,070,204 shares of the stock were exchanged, compared to its average volume of 4,645,350. The business's 50-day moving average price is $39.72 and its 200 day moving average price is $37.55. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $42.40. The stock has a market capitalization of $51.26 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 3.59 and a beta of 0.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26.
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 business had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $11.56 billion. During the same period in the prior year, the business posted $1.27 earnings per share. Analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.4135 dividend. The ex-dividend date is Thursday, September 4th. 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 3.9%. Suncor Energy's dividend payout ratio (DPR) is currently 50.46%.
About Suncor Energy
(
Free Report)
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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