Suncor Energy Inc. $SU Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has reduced its holdings in Suncor Energy by 75.1%, owning 10,482 shares after selling 31,686 shares in the first quarter.
• Suncor Energy has announced a quarterly dividend of $0.4135 per share, an increase from its previous dividend of $0.41, translating to an annual yield of 3.9%.
• The company reported earnings of $0.51 per share for the most recent quarter, exceeding analysts' expectations of $0.50, despite a revenue shortfall.

Dynamic Technology Lab Private Ltd lowered its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 75.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,482 shares of the oil and gas producer's stock after selling 31,686 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Suncor Energy were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its stake in Suncor Energy by 143.5% during the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after buying an additional 465 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Suncor Energy by 97.6% during the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after buying an additional 405 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Suncor Energy during the first quarter worth $36,000. Wayfinding Financial LLC acquired a new position in Suncor Energy during the first quarter worth $42,000. Finally, ORG Wealth Partners LLC acquired a new position in Suncor Energy during the first quarter worth $44,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1%

NYSE SU traded down $0.04 on Wednesday, reaching $42.98. 398,045 shares of the company were exchanged, compared to its average volume of 4,639,121. The business's fifty day moving average price is $39.90 and its 200 day moving average price is $37.62. The stock has a market capitalization of $52.16 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 3.64 and a beta of 0.87. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48.

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 the consensus estimate of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the prior year, the company posted $1.27 EPS. Analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm 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 $0.4135 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 annualized dividend and a dividend yield of 3.8%. Suncor Energy's dividend payout ratio is currently 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.