Suncor Energy Inc. $SU Shares Sold by Korea Investment CORP

Key Points

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Korea Investment CORP trimmed its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063,776 shares of the oil and gas producer's stock after selling 38,890 shares during the quarter. Korea Investment CORP owned 0.09% of Suncor Energy worth $41,184,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SU. Principal Financial Group Inc. boosted its stake 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 valued at $620,136,000 after buying an additional 6,311,513 shares during the period. Inscription Capital LLC acquired a new stake in Suncor Energy in the first quarter valued at approximately $247,000. Vident Advisory LLC raised its holdings in Suncor Energy by 967.9% in the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock valued at $18,522,000 after acquiring an additional 470,500 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Suncor Energy by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 3,492,472 shares of the oil and gas producer's stock valued at $135,228,000 after acquiring an additional 409,032 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Suncor Energy by 14.2% in the fourth quarter. Ameriprise Financial Inc. now owns 623,306 shares of the oil and gas producer's stock valued at $22,884,000 after acquiring an additional 77,556 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Up 2.3%

NYSE:SU traded up $0.9080 during mid-day trading on Friday, hitting $39.9480. The stock had a trading volume of 7,039,510 shares, compared to its average volume of 4,695,908. The stock has a 50-day simple moving average of $39.10 and a two-hundred day simple moving average of $37.39. The company has a market capitalization of $48.65 billion, a PE ratio of 12.29, a PEG ratio of 3.32 and a beta of 0.84. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.94. 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 issued its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $8.81 billion for the quarter, compared to analysts' expectations 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 last year, the company earned $1.27 earnings per share. On average, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company 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. This represents a $1.65 annualized dividend and a yield of 4.1%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio is 50.46%.

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.