Harbor Investment Advisory LLC Raises Position in Suncor Energy Inc. $SU

Harbor Investment Advisory LLC increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,369 shares of the oil and gas producer’s stock after purchasing an additional 758 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Suncor Energy were worth $1,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in Suncor Energy by 12,290.9% in the 1st quarter. Acadian Asset Management LLC now owns 12,418,784 shares of the oil and gas producer’s stock worth $480,760,000 after acquiring an additional 12,318,559 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Suncor Energy by 172.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 1,254 shares during the last quarter. Focus Partners Wealth grew its holdings in Suncor Energy by 1.3% in the 1st quarter. Focus Partners Wealth now owns 796,967 shares of the oil and gas producer’s stock worth $30,859,000 after acquiring an additional 10,514 shares during the last quarter. Bayforest Capital Ltd grew its holdings in Suncor Energy by 154.6% in the 1st quarter. Bayforest Capital Ltd now owns 5,030 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 3,054 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Suncor Energy by 36.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 944,533 shares of the oil and gas producer’s stock worth $36,572,000 after acquiring an additional 251,298 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $41.73 on Friday. The firm has a market cap of $50.63 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 3.62 and a beta of 0.87. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $42.40. 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 company’s fifty day simple moving average is $39.72 and its two-hundred day simple moving average is $37.56.

Suncor Energy (NYSE:SU) (TSE:SU) last announced 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. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter last year, the firm earned $1.27 EPS. As a group, equities analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.4135 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend 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 50.77%.

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.