Quantbot Technologies LP Has $15.02 Million Stock Position in Suncor Energy Inc. $SU

Key Points

• Quantbot Technologies LP increased its stake in Suncor Energy by 144.0%, acquiring an additional 228,952 shares in the first quarter, bringing its total to 387,943 shares.
• Suncor Energy announced a quarterly dividend of $0.4135 per share, an increase from its previous dividend of $0.41, representing a dividend yield of 4.3%.
• The company's stock has a current market cap of $47.35 billion and a price-to-earnings ratio of 11.96, indicating its financial performance over the past year.

Quantbot Technologies LP lifted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 144.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,943 shares of the oil and gas producer's stock after buying an additional 228,952 shares during the quarter. Suncor Energy comprises approximately 0.5% of Quantbot Technologies LP's holdings, making the stock its 21st biggest position. Quantbot Technologies LP's holdings in Suncor Energy were worth $15,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management lifted its holdings in Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in Suncor Energy by 97.6% in the first 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in Suncor Energy in the first quarter valued at about $36,000. Wayfinding Financial LLC bought a new position in Suncor Energy in the first quarter valued at about $42,000. Finally, ORG Wealth Partners LLC bought a new position in Suncor Energy in the first quarter valued at about $44,000. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Up 2.3%

Shares of NYSE:SU traded up $0.9080 during midday trading on Friday, hitting $39.9480. 7,039,406 shares of the stock were exchanged, compared to its average volume of 4,695,285. The stock has a market capitalization of $48.65 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 3.32 and a beta of 0.84. 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 business's 50-day moving average price is $39.10 and its 200 day moving average price is $37.39. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.94.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $8.81 billion for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $1.27 earnings per share. Analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's payout ratio is presently 50.46%.

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.