Interval Partners LP Sells 63,521 Shares of Suncor Energy Inc. $SU

Key Points

• Interval Partners LP significantly reduced its stake in Suncor Energy, decreasing its holdings by 59.6% in the first quarter, now owning 43,119 shares valued at $1.67 million.
• Suncor Energy recently reported earnings per share of $0.51, surpassing analyst expectations, but its revenue of $8.81 billion fell short of the forecast of $11.56 billion.
• The company has declared a quarterly dividend of $0.4135, raising its annualized dividend yield to 4.1% from the previous $0.41.

Interval Partners LP trimmed its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 59.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,119 shares of the oil and gas producer's stock after selling 63,521 shares during the period. Interval Partners LP's holdings in Suncor Energy were worth $1,670,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Clark Capital Management Group Inc. grew its position in Suncor Energy by 5.7% during the first quarter. Clark Capital Management Group Inc. now owns 692,839 shares of the oil and gas producer's stock valued at $26,827,000 after acquiring an additional 37,665 shares during the last quarter. Corigliano Investment Advisers LLC bought a new position in Suncor Energy during the first quarter valued at approximately $10,571,000. AQR Capital Management LLC grew its position in Suncor Energy by 14.2% during the first quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer's stock valued at $959,000 after acquiring an additional 3,115 shares during the last quarter. Advisors Asset Management Inc. grew its position in Suncor Energy by 5.5% during the first quarter. Advisors Asset Management Inc. now owns 45,093 shares of the oil and gas producer's stock valued at $1,746,000 after acquiring an additional 2,335 shares during the last quarter. Finally, Amundi grew its position in Suncor Energy by 3.7% during the first quarter. Amundi now owns 4,386,824 shares of the oil and gas producer's stock valued at $161,347,000 after acquiring an additional 156,038 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Price Performance

NYSE SU traded down $0.18 on Thursday, reaching $42.08. 1,136,306 shares of the company's stock traded hands, compared to its average volume of 4,670,706. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $42.40. 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 50-day simple moving average of $39.59 and a 200 day simple moving average of $37.52. The stock has a market cap of $51.06 billion, a PE ratio of 12.96, a P/E/G ratio of 3.53 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $11.56 billion. During the same period last year, the business earned $1.27 earnings per share. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.4135 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is 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.