Suncor Energy Inc. $SU Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its stake in Suncor Energy by 30.6%, selling 10,351 shares and retaining 23,460 shares worth approximately $908,000.
• Several institutional investors have adjusted their holdings, with Principal Financial Group increasing its stake by 65.0%, now owning over 16 million shares valued at $620 million.
• Suncor Energy has announced a quarterly dividend increase to $0.4135 per share, offering an annualized yield of 4.0% based on a payout ratio of 51.08%.

State of Wyoming decreased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 30.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,460 shares of the oil and gas producer's stock after selling 10,351 shares during the period. State of Wyoming's holdings in Suncor Energy were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SU. Trexquant Investment LP grew its stake in shares of Suncor Energy by 66.9% during the first quarter. Trexquant Investment LP now owns 524,000 shares of the oil and gas producer's stock worth $20,289,000 after purchasing an additional 209,957 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Suncor Energy by 7.0% during the first quarter. Synovus Financial Corp now owns 91,265 shares of the oil and gas producer's stock worth $3,534,000 after purchasing an additional 5,951 shares in the last quarter. ICONIQ Capital LLC acquired a new position in shares of Suncor Energy during the first quarter worth $246,000. Quantitative Investment Management LLC acquired a new position in shares of Suncor Energy during the first quarter worth $487,000. Finally, CW Advisors LLC lifted its position in Suncor Energy by 0.7% in the first quarter. CW Advisors LLC now owns 69,549 shares of the oil and gas producer's stock valued at $2,693,000 after acquiring an additional 475 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU traded down $0.01 on Tuesday, reaching $41.29. The company had a trading volume of 1,698,312 shares, compared to its average volume of 4,649,497. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.76. The stock has a market capitalization of $50.29 billion, a PE ratio of 12.71, a P/E/G ratio of 3.56 and a beta of 0.87. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $39.18 and a 200-day moving average price of $37.44.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.4135 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is presently 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.