UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 251,298 Shares of 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 boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 944,533 shares of the oil and gas producer's stock after acquiring 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 SEC.

A number of other large investors have also bought and sold shares of SU. Principal Financial Group Inc. grew its position in Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after purchasing an additional 6,311,513 shares during the last quarter. Mackenzie Financial Corp boosted its position in Suncor Energy by 18.6% in the first quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock valued at $595,398,000 after buying an additional 2,410,857 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Suncor Energy by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock valued at $481,135,000 after buying an additional 5,658,880 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Suncor Energy by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,272,827 shares of the oil and gas producer's stock worth $436,459,000 after acquiring an additional 290,900 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Suncor Energy by 27.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,149,381 shares of the oil and gas producer's stock valued at $315,597,000 after acquiring an additional 1,763,146 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

SU stock opened at $42.20 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.26 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 $42.40. The business has a 50 day moving average price of $39.81 and a 200 day moving average price of $37.58. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 3.59 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its 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 for the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter in the previous year, the company posted $1.27 earnings per share. Equities research 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 paid a $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. 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.

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