FCG Investment Co Trims Stock Position in Suncor Energy Inc. $SU

FCG Investment Co trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 38.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,121 shares of the oil and gas producer’s stock after selling 14,507 shares during the period. FCG Investment Co’s holdings in Suncor Energy were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SU. Hanson & Doremus Investment Management increased its position 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 worth $31,000 after buying an additional 465 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of 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 acquiring an additional 405 shares during the last quarter. Maseco LLP purchased a new stake in Suncor Energy during the 2nd quarter worth about $32,000. N.E.W. Advisory Services LLC acquired a new position in Suncor Energy in the 1st quarter valued at about $36,000. Finally, Wayfinding Financial LLC acquired a new position in Suncor Energy in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $42.73 on Friday. The stock has a market capitalization of $51.66 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.44 and a beta of 0.87. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $43.48. 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’s 50-day moving average is $40.30 and its two-hundred day moving average is $37.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (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 business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. Equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a dividend yield of 3.9%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, September 4th. Suncor Energy’s 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.