Signaturefd LLC Purchases 5,894 Shares of Suncor Energy Inc. $SU

Key Points

• Signaturefd LLC increased its stake in Suncor Energy Inc. by 20.2% during the second quarter, purchasing an additional 5,894 shares to reach a total of 35,002 shares worth approximately $1.31 million.
• Suncor Energy recently reported a quarterly earnings per share (EPS) of $0.51, slightly surpassing analysts' expectations, despite a revenue of $8.81 billion falling below the forecast of $11.56 billion.
• The company declared a quarterly dividend of $0.4135 per share, resulting in a 3.9% dividend yield, and increasing its annualized dividend to $1.65, with a payout ratio of 51.08%.

Signaturefd LLC raised its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 20.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,002 shares of the oil and gas producer's stock after purchasing an additional 5,894 shares during the quarter. Signaturefd LLC's holdings in Suncor Energy were worth $1,311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sagespring Wealth Partners LLC lifted its position in shares of Suncor Energy by 5.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer's stock worth $235,000 after buying an additional 332 shares during the last quarter. Winthrop Capital Management LLC raised its stake in Suncor Energy by 2.6% during the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer's stock worth $529,000 after acquiring an additional 352 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of 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. Hanson & Doremus Investment Management grew its holdings in shares of 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. Finally, Harbour Investments Inc. grew its holdings in shares of Suncor Energy by 67.0% during the 1st quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $42.59 on Monday. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a market capitalization of $51.49 billion, a P/E ratio of 13.10, a P/E/G ratio of 3.46 and a beta of 0.87. The company's 50 day moving average price is $40.37 and its two-hundred day moving average price is $38.02.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating 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 company had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same period in the prior year, the company earned $1.27 EPS. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a dividend yield of 3.9%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date was Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is presently 51.08%.

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.

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