Suncor Energy Inc. $SU Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Suncor Energy by 66.9%, acquiring 209,957 additional shares to bring its total holdings to 524,000 shares valued at $20.29 million.
• Suncor Energy has announced a quarterly dividend increase to $0.4135 per share, reflecting a dividend yield of 4.0%.
• Despite a revenue of $8.81 billion for the latest quarter, Suncor reported earnings per share of $0.51, slightly above the consensus estimate.

Trexquant Investment LP lifted its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 66.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,000 shares of the oil and gas producer's stock after acquiring an additional 209,957 shares during the period. Trexquant Investment LP's holdings in Suncor Energy were worth $20,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in 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 valued at $3,408,000 after purchasing an additional 265 shares in the last quarter. Sagespring Wealth Partners LLC lifted its holdings in 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 valued at $235,000 after purchasing an additional 332 shares in the last quarter. Winthrop Capital Management LLC lifted its holdings in Suncor Energy by 2.6% in 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 purchasing an additional 352 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in shares of Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 465 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.6%

Shares of SU stock traded down $0.25 during trading hours on Friday, hitting $41.36. 4,249,081 shares of the company were exchanged, compared to its average volume of 3,703,166. The firm has a market cap of $50.37 billion, a PE ratio of 12.72, a PEG ratio of 3.56 and a beta of 0.84. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.76. 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 firm has a fifty day moving average of $39.13 and a 200 day moving average of $37.45.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter in the prior year, the company earned $1.27 EPS. Analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 of this dividend is Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.0%. Suncor Energy's dividend payout ratio is currently 50.46%.

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.