Natixis Advisors LLC Has $19.83 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Key Points

• Natixis Advisors LLC reduced its stake in Suncor Energy by 52.3%, now holding 512,064 shares valued at approximately $19.83 million.
• Suncor Energy recently reported earnings of $0.91 per share for the last quarter, exceeding analysts' expectations, but revenue fell short at $9.10 billion against an estimate of $13.39 billion.
• The company declared a quarterly dividend of $0.4133, an increase from the previous $0.40, reflecting a 4.2% dividend yield.

Natixis Advisors LLC trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 52.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 512,064 shares of the oil and gas producer's stock after selling 562,310 shares during the period. Natixis Advisors LLC's holdings in Suncor Energy were worth $19,827,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management lifted its holdings in shares of 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 valued at $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 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Suncor Energy in the first quarter valued at about $36,000. Covestor Ltd boosted its position in Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Suncor Energy during the first quarter worth about $42,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Down 1.0%

Shares of NYSE SU opened at $39.06 on Friday. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.94. The company has a market cap of $47.57 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 3.44 and a beta of 0.84. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $38.49 and its 200 day simple moving average is $37.37.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. Suncor Energy's dividend payout ratio (DPR) is currently 47.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.00.

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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