Korea Investment CORP Decreases Stock Position in Suncor Energy Inc. $SU

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Korea Investment CORP reduced its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.09% of Suncor Energy worth $41,184,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SU. Hanson & Doremus Investment Management lifted its holdings in Suncor Energy by 143.5% during the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 465 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 405 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Suncor Energy during the first quarter worth $36,000. Wayfinding Financial LLC bought a new stake in Suncor Energy during the first quarter worth $42,000. Finally, ORG Wealth Partners LLC bought a new stake in Suncor Energy during the first quarter worth $44,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Performance

Suncor Energy stock traded up $0.9080 during mid-day trading on Friday, reaching $39.9480. 7,039,510 shares of the company's stock were exchanged, compared to its average volume of 3,583,128. The business's fifty day simple moving average is $39.08 and its 200 day simple moving average is $37.39. The firm has a market capitalization of $48.65 billion, a PE ratio of 12.29, a P/E/G ratio of 3.44 and a beta of 0.84. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.94. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19.

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, 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 return on equity of 13.21% and a net margin of 11.35%.During the same period last year, the company posted $1.27 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Thursday, September 4th will be given a $0.4135 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis 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 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.