JPMorgan Chase & Co. grew its position in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,348,348 shares of the oil and gas producer’s stock after acquiring an additional 628,262 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of Suncor Energy worth $183,876,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Suncor Energy by 163.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 16,402,041 shares of the oil and gas producer’s stock worth $480,908,000 after purchasing an additional 10,168,941 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Suncor Energy by 79.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,823,815 shares of the oil and gas producer’s stock worth $548,183,000 after buying an additional 7,438,559 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Suncor Energy during the first quarter valued at $199,877,000. Artisan Partners Limited Partnership boosted its position in Suncor Energy by 37.6% during the second quarter. Artisan Partners Limited Partnership now owns 19,971,205 shares of the oil and gas producer’s stock valued at $585,740,000 after purchasing an additional 5,457,851 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Suncor Energy by 35.0% during the third quarter. Invesco Ltd. now owns 16,466,624 shares of the oil and gas producer’s stock valued at $566,123,000 after purchasing an additional 4,271,009 shares during the last quarter. 60.25% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Price Performance
NYSE SU opened at $34.45 on Monday. Suncor Energy Inc. has a fifty-two week low of $27.59 and a fifty-two week high of $35.51. The stock’s 50-day moving average is $32.90 and its two-hundred day moving average is $33.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.88. The firm has a market cap of $44.38 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 3.27 and a beta of 1.12.
Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the previous year, the company posted $1.33 earnings per share. On average, analysts anticipate that Suncor Energy Inc. will post 3.51 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 Monday, March 25th. Shareholders of record on Monday, March 4th will be issued a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.71%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 1st. Suncor Energy’s payout ratio is presently 34.26%.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company in Canada 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. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.
Further Reading
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Source: defenseworld.net
