XTX Topco Ltd Buys Shares of 7,666 Suncor Energy Inc. (NYSE:SU)

Key Points

• XTX Topco Ltd purchased 7,666 shares of Suncor Energy Inc. for approximately $297,000, marking a new stake acquisition in the oil and gas producer.
• Suncor Energy announced a quarterly dividend of $0.4135, reflecting a 4.2% dividend yield and an increase from the previous dividend of $0.41.
• The company reported earnings of $0.51 per share for the last quarter, exceeding analysts' expectations of $0.50, while revenue was below consensus estimates at $8.81 billion.

XTX Topco Ltd bought a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,666 shares of the oil and gas producer's stock, valued at approximately $297,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after acquiring an additional 552,018 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 acquiring an additional 6,311,513 shares in the last quarter. Mackenzie Financial Corp raised its stake in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock valued at $595,398,000 after acquiring an additional 2,410,857 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer's stock valued at $391,809,000 after acquiring an additional 445,613 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Suncor Energy by 5.6% during the 1st quarter. Allianz Asset Management GmbH now owns 3,594,783 shares of the oil and gas producer's stock valued at $139,169,000 after acquiring an additional 191,802 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Up 0.4%

SU opened at $39.19 on Monday. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. The stock's fifty day moving average is $38.83 and its 200-day moving average is $37.35. The company has a market capitalization of $47.73 billion, a PE ratio of 12.06, a P/E/G ratio of 3.38 and a beta of 0.84.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter in the previous year, the business earned $1.27 EPS. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS 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. Investors of record on Thursday, September 4th will be issued a $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is presently 51.08%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $66.00.

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.

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