Dynamic Technology Lab Private Ltd Has $406,000 Stock Position in Suncor Energy Inc. $SU

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 decreased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 75.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,482 shares of the oil and gas producer's stock after selling 31,686 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Suncor Energy were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ruggaard & Associates LLC lifted its holdings in shares of Suncor Energy by 6.6% in the first quarter. Ruggaard & Associates LLC now owns 11,330 shares of the oil and gas producer's stock valued at $439,000 after buying an additional 700 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in shares of Suncor Energy by 9.1% during the first quarter. Polar Asset Management Partners Inc. now owns 60,000 shares of the oil and gas producer's stock valued at $2,326,000 after purchasing an additional 5,000 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Suncor Energy by 15.0% during the first quarter. NewEdge Advisors LLC now owns 63,099 shares of the oil and gas producer's stock valued at $2,443,000 after purchasing an additional 8,254 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Suncor Energy by 172.7% during the first quarter. Integrated Wealth Concepts LLC now owns 19,844 shares of the oil and gas producer's stock valued at $768,000 after purchasing an additional 12,566 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Suncor Energy by 5.7% during the first quarter. Clark Capital Management Group Inc. now owns 692,839 shares of the oil and gas producer's stock valued at $26,827,000 after purchasing an additional 37,665 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Trading Down 0.7%

Shares of NYSE SU traded down $0.29 during mid-day trading on Friday, hitting $41.73. 1,937,645 shares of the company traded hands, compared to its average volume of 4,257,966. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $42.40. The stock has a market capitalization of $50.63 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.62 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 business has a 50 day moving average of $39.72 and a two-hundred day moving average of $37.56.

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 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 during the quarter, compared to the consensus estimate of $11.56 billion. During the same period in the prior year, the business posted $1.27 earnings per share. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.4135 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is currently 50.77%.

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.