Voya Investment Management LLC Sells 36,729 Shares of Suncor Energy Inc. $SU

Voya Investment Management LLC trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,964 shares of the oil and gas producer’s stock after selling 36,729 shares during the quarter. Voya Investment Management LLC’s holdings in Suncor Energy were worth $6,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 valued at $31,000 after acquiring an additional 465 shares during the last quarter. Salem Investment Counselors Inc. grew its stake 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 purchasing an additional 405 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Suncor Energy during the 1st quarter valued at about $36,000. Wayfinding Financial LLC purchased a new stake in shares of Suncor Energy during the 1st quarter valued at about $42,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Suncor Energy in the 1st quarter worth approximately $44,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

SU opened at $42.85 on Thursday. The company’s 50 day moving average is $39.97 and its 200 day moving average is $37.66. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The company has a market cap of $52.00 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 3.71 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.

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

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 4th. This is an increase 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.