Suncor Energy Inc. $SU Shares Sold by Stock Yards Bank & Trust Co.

Key Points

• Stock Yards Bank & Trust Co. reduced its stake in Suncor Energy by 10.7% during the second quarter, holding 79,770 shares valued at approximately $2.99 million after selling 9,584 shares.
• Suncor Energy recently increased its quarterly dividend to $0.4135 per share, reflecting a dividend yield of 4.0% and a payout ratio of 51.08%.
• The company's latest financial report showed earnings per share of $0.51, surpassing analysts' estimates of $0.50 despite revenue being lower than expectations at $8.81 billion.

Stock Yards Bank & Trust Co. reduced its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,770 shares of the oil and gas producer's stock after selling 9,584 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Suncor Energy were worth $2,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SU. GAMMA Investing LLC raised its stake in Suncor Energy by 2,380.2% in the first quarter. GAMMA Investing LLC now owns 6,002 shares of the oil and gas producer's stock valued at $232,000 after buying an additional 5,760 shares in the last quarter. Merit Financial Group LLC raised its stake in Suncor Energy by 14.1% in the first quarter. Merit Financial Group LLC now owns 9,429 shares of the oil and gas producer's stock valued at $365,000 after buying an additional 1,165 shares in the last quarter. Park Avenue Securities LLC raised its stake in Suncor Energy by 59.3% in the first quarter. Park Avenue Securities LLC now owns 31,543 shares of the oil and gas producer's stock valued at $1,221,000 after buying an additional 11,745 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in Suncor Energy by 17.5% in the first quarter. CHICAGO TRUST Co NA now owns 11,833 shares of the oil and gas producer's stock valued at $458,000 after buying an additional 1,765 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in Suncor Energy in the first quarter valued at $102,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Up 0.6%

SU opened at $41.36 on Friday. The business's 50-day simple moving average is $40.59 and its 200-day simple moving average is $38.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $43.48. The stock has a market capitalization of $50.00 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping 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 business had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $11.56 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a dividend of $0.4135 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 4th. Suncor Energy's dividend payout ratio is 51.08%.

Analyst Ratings Changes

A number of research firms have weighed in on SU. Weiss Ratings restated a "hold (c+)" rating on shares of Suncor Energy in a research note on Saturday, September 27th. Royal Bank Of Canada restated an "outperform" rating and issued a $65.00 price target on shares of Suncor Energy in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

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.

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