Suncor Energy Inc. $SU Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP significantly reduced its stake in Suncor Energy by 40.2%, selling 10,098 shares and ending with 15,002 shares valued at approximately $581,000.
• Suncor Energy reported earnings per share (EPS) of $0.51, beating projections of $0.50, despite revenue of $8.81 billion falling short of the estimated $11.56 billion.
• The company has announced a quarterly dividend increase to $0.4135, up from its previous dividend, reflecting a 4.3% yield and a payout ratio of 51.08%.

Versor Investments LP decreased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 40.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 15,002 shares of the oil and gas producer's stock after selling 10,098 shares during the period. Versor Investments LP's holdings in Suncor Energy were worth $581,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in Suncor Energy by 0.3% in the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock valued at $3,408,000 after buying an additional 265 shares during the period. Sagespring Wealth Partners LLC raised its holdings in Suncor Energy by 5.8% in the first quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer's stock valued at $235,000 after buying an additional 332 shares during the period. Winthrop Capital Management LLC raised its holdings in Suncor Energy by 2.6% in the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer's stock valued at $529,000 after buying an additional 352 shares during the period. Salem Investment Counselors Inc. raised its holdings in Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 405 shares during the period. Finally, Hanson & Doremus Investment Management raised its holdings in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 0.9%

NYSE SU traded up $0.37 during mid-day trading on Monday, hitting $40.36. The company's stock had a trading volume of 2,720,973 shares, compared to its average volume of 3,583,128. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.94. The stock's fifty day simple moving average is $39.07 and its two-hundred day simple moving average is $37.40. 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 firm has a market capitalization of $49.15 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.44 and a beta of 0.84.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly 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 net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter last year, the firm posted $1.27 earnings per share. Research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a $0.4135 dividend. This represents a $1.65 annualized dividend and a yield of 4.1%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio is 51.08%.

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.