Cresset Asset Management LLC Has $428,000 Stake in Suncor Energy Inc. $SU

Cresset Asset Management LLC raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,046 shares of the oil and gas producer’s stock after purchasing an additional 568 shares during the period. Cresset Asset Management LLC’s holdings in Suncor Energy were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SU. Hanson & Doremus Investment Management lifted its position in shares of Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Suncor Energy by 97.6% during the 1st 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 period. N.E.W. Advisory Services LLC acquired a new position in shares of Suncor Energy during the 1st quarter valued at $36,000. Wayfinding Financial LLC acquired a new position in shares of Suncor Energy during the 1st quarter valued at $42,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Suncor Energy during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 2.3%

Suncor Energy stock opened at $39.9480 on Monday. The company has a market capitalization of $48.65 billion, a PE ratio of 12.29, a PEG ratio of 3.44 and a beta of 0.84. The firm’s fifty day moving average is $39.08 and its 200 day moving average is $37.39. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion during 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 in the previous year, the business posted $1.27 EPS. As a group, sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.4135 per share. The ex-dividend date is Thursday, September 4th. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a yield of 4.1%. Suncor Energy’s dividend payout ratio (DPR) is currently 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.