UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Holdings in Suncor Energy Inc. $SU

Key Points

• UBS AM increased its stake in Suncor Energy by 36.3%, acquiring an additional 251,298 shares, bringing its total holdings to 944,533 shares valued at approximately $36.57 million.
• Suncor Energy reported $0.51 earnings per share for the quarter, beating estimates, but noted a revenue of $8.81 billion, falling short of expectations of $11.56 billion.
• The company announced a quarterly dividend of $0.4135, raising its annualized dividend to $1.65, resulting in a dividend yield of 3.9%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 36.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 944,533 shares of the oil and gas producer's stock after purchasing an additional 251,298 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.08% of Suncor Energy worth $36,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SU. Nomura Holdings Inc. acquired a new position in shares of Suncor Energy in the 4th quarter valued at $257,000. Man Group plc boosted its stake in Suncor Energy by 51.5% during the 4th quarter. Man Group plc now owns 114,555 shares of the oil and gas producer's stock worth $4,087,000 after purchasing an additional 38,921 shares during the period. Quantinno Capital Management LP boosted its stake in Suncor Energy by 5.1% during the 4th quarter. Quantinno Capital Management LP now owns 39,090 shares of the oil and gas producer's stock worth $1,395,000 after purchasing an additional 1,897 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Suncor Energy by 5.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 107,052 shares of the oil and gas producer's stock worth $3,819,000 after purchasing an additional 5,265 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Suncor Energy by 168.8% during the 4th quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock worth $61,714,000 after purchasing an additional 1,086,065 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Shares of SU stock traded down $1.14 during mid-day trading on Friday, hitting $41.58. The stock had a trading volume of 7,717,165 shares, compared to its average volume of 4,269,130. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The firm has a market cap of $50.27 billion, a PE ratio of 12.79, a PEG ratio of 3.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The company's 50-day simple moving average is $40.06 and its 200-day simple moving average is $37.74.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The business 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 last year, the firm posted $1.27 EPS. Sell-side analysts anticipate 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. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.4135 per share. This is an increase 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 yield of 4.0%. Suncor Energy's payout ratio is 50.77%.

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.