Martin Investment Management LLC Makes New $209,000 Investment in Suncor Energy Inc. $SU

Martin Investment Management LLC bought a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,400 shares of the oil and gas producer’s stock, valued at approximately $209,000.

A number of other large investors have also recently made changes to their positions in SU. Townsquare Capital LLC bought a new position in Suncor Energy during the fourth quarter valued at approximately $202,000. Mariner LLC raised its stake in Suncor Energy by 3.7% during the 4th quarter. Mariner LLC now owns 63,918 shares of the oil and gas producer’s stock valued at $2,280,000 after buying an additional 2,310 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Suncor Energy by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 10,759 shares of the oil and gas producer’s stock valued at $384,000 after buying an additional 878 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Suncor Energy by 12.6% in the 4th quarter. NewEdge Advisors LLC now owns 54,845 shares of the oil and gas producer’s stock worth $1,957,000 after buying an additional 6,152 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Suncor Energy by 133.4% in the 4th quarter. First Trust Advisors LP now owns 345,595 shares of the oil and gas producer’s stock worth $12,332,000 after buying an additional 197,512 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Performance

Shares of SU opened at $38.5630 on Thursday. The firm has a market capitalization of $46.97 billion, a P/E ratio of 11.87, a PEG ratio of 3.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.94. The business has a fifty day moving average of $39.10 and a 200 day moving average of $37.38.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same period last year, the firm posted $1.27 earnings per share. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.4135 dividend. 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. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.3%. Suncor Energy’s payout ratio is 51.08%.

About Suncor Energy

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.