Vident Advisory LLC Acquires 99,063 Shares of Suncor Energy Inc. $SU

Key Points

• Vident Advisory LLC increased its stake in Suncor Energy by 19.1% during the first quarter, now owning a total of 618,175 shares valued at approximately $23.9 million.
• Suncor Energy recently posted earnings of $0.51 per share, exceeding analyst expectations, while reporting a quarter revenue of $8.81 billion.
• The company has announced an increase in its quarterly dividend to $0.4135, providing investors with a yield of 4.0%.

Vident Advisory LLC increased its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,175 shares of the oil and gas producer's stock after acquiring an additional 99,063 shares during the period. Vident Advisory LLC owned about 0.05% of Suncor Energy worth $23,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management raised its holdings in Suncor Energy by 143.5% during 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 in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Suncor Energy by 97.6% during the first 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. N.E.W. Advisory Services LLC acquired a new stake in Suncor Energy during the first quarter valued at approximately $36,000. Wayfinding Financial LLC acquired a new stake in Suncor Energy during the first quarter valued at approximately $42,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Suncor Energy in the 1st quarter worth approximately $44,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Price Performance

Shares of SU traded down $0.68 on Wednesday, hitting $40.64. The company's stock had a trading volume of 9,821,967 shares, compared to its average volume of 4,685,369. The company has a market capitalization of $49.49 billion, a PE ratio of 12.49, a PEG ratio of 3.56 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. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.76. The company has a 50 day moving average price of $39.24 and a 200 day moving average price of $37.47.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $11.56 billion. During the same period in the previous year, the business earned $1.27 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.4135 dividend. This is a boost 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 4.1%. Suncor Energy's dividend payout ratio is presently 50.46%.

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.