Public Employees Retirement System of Ohio Sells 65,180 Shares of Suncor Energy Inc. $SU

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Suncor Energy Inc. by 7.2%, selling 65,180 shares and owning approximately 841,833 shares valued at $31.5 million as of the latest reporting period.
• Other institutional investors, such as the Principal Financial Group and Goldman Sachs Group Inc., significantly increased their holdings in Suncor Energy, reflecting a growing interest in the oil and gas producer.
• Suncor Energy announced an increase in its quarterly dividend to $0.4135 per share, representing a 3.9% yield and a dividend payout ratio of 50.77%.

Public Employees Retirement System of Ohio decreased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 7.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 841,833 shares of the oil and gas producer's stock after selling 65,180 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Suncor Energy worth $31,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings 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 worth $620,136,000 after purchasing an additional 6,311,513 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Suncor Energy by 18.6% in the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after purchasing an additional 2,410,857 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Suncor Energy by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock worth $481,135,000 after purchasing an additional 5,658,880 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Suncor Energy by 12,290.9% in the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer's stock worth $480,760,000 after purchasing an additional 12,318,559 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Suncor Energy by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer's stock worth $436,459,000 after purchasing an additional 290,900 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $42.41 on Thursday. The stock has a market cap of $51.27 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.43 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. The stock has a 50 day moving average price of $40.22 and a 200-day moving average price of $37.89. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $43.48.

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, topping analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same quarter in the previous year, the business earned $1.27 EPS. Equities analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.4135 per share. This represents a $1.65 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, September 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio (DPR) is presently 50.77%.

About Suncor Energy

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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