Suncor Energy Inc. $SU Shares Bought by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. increased its ownership in Suncor Energy by 4.6%, acquiring an additional 6,696 shares, bringing their total stake to 153,751 shares valued at approximately $5.96 million.
• Suncor Energy reported $0.51 earnings per share for the last quarter, slightly exceeding analysts' expectations, while its revenue was $8.81 billion.
• The company announced a quarterly dividend increase to $0.4135 per share, resulting in an annualized yield of 4.3% and a payout ratio of 51.08%.

Aviso Financial Inc. increased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,751 shares of the oil and gas producer's stock after buying an additional 6,696 shares during the quarter. Aviso Financial Inc.'s holdings in Suncor Energy were worth $5,956,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Suncor Energy by 0.3% in the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after purchasing an additional 265 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Suncor Energy by 2.0% in the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock worth $547,000 after purchasing an additional 302 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of Suncor Energy by 5.8% in the 1st quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer's stock worth $235,000 after purchasing an additional 332 shares during the last quarter. Winthrop Capital Management LLC raised its stake in Suncor Energy by 2.6% during the 1st quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer's stock valued at $529,000 after acquiring an additional 352 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake 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 acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Performance

Suncor Energy stock traded up $0.9080 during mid-day trading on Friday, hitting $39.9480. 6,939,746 shares of the company's stock traded hands, compared to its average volume of 4,695,198. The firm has a 50 day moving average price of $39.10 and a 200 day moving average price of $37.39. 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 company has a market cap of $48.65 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.94.

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 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter in the previous year, the business earned $1.27 EPS. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current 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 given a dividend of $0.4135 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.1%. Suncor Energy's payout ratio is 50.46%.

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.