Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU's stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.91 and last traded at $41.77, with a volume of 490885 shares traded. The stock had previously closed at $40.96.
Suncor Energy Trading Up 1.3%
The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $39.72 and its 200-day moving average is $37.55. The firm has a market cap of $51.30 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.59 and a beta of 0.87.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.
Suncor Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.4135 per share. The ex-dividend date is Thursday, September 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a yield of 3.9%. Suncor Energy's payout ratio is presently 50.46%.
Institutional Trading of Suncor Energy
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Suncor Energy by 3.1% during the second quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer's stock valued at $2,046,442,000 after purchasing an additional 1,632,247 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Suncor Energy by 38.5% during the second quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer's stock valued at $1,264,043,000 after purchasing an additional 9,378,552 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Suncor Energy by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer's stock worth $779,788,000 after acquiring an additional 641,354 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after acquiring an additional 6,311,513 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Suncor Energy by 18.6% in 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 purchasing an additional 2,410,857 shares during the last quarter. Institutional investors own 67.37% of the company's stock.
About Suncor Energy
(
Get Free Report)
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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