XTX Topco Ltd Makes New Investment in 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 purchased a new stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,666 shares of the oil and gas producer's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SU. Raymond James Financial Inc. purchased a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $18,829,000. Covestor Ltd increased its stake in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after buying an additional 256 shares during the period. Rockefeller Capital Management L.P. increased its stake in Suncor Energy by 4.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48,502 shares of the oil and gas producer's stock worth $1,731,000 after buying an additional 2,053 shares during the period. Townsquare Capital LLC purchased a new stake in Suncor Energy during the 4th quarter worth approximately $202,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in Suncor Energy during the 4th quarter worth approximately $205,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 0.2%

SU traded down $0.08 during trading hours on Friday, hitting $38.91. 247,913 shares of the company's stock were exchanged, compared to its average volume of 4,677,589. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.94. The firm has a 50 day moving average of $39.01 and a 200 day moving average of $37.37. The firm has a market cap of $47.39 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 3.35 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19.

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 earnings per share for the quarter, topping 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 the consensus estimate of $11.56 billion. During the same period in the prior year, the firm earned $1.27 EPS. Analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared 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 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 4.3%. Suncor Energy's dividend payout ratio (DPR) is presently 51.08%.

Wall Street Analysts Forecast Growth

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

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.