Ashton Thomas Private Wealth LLC Increases Position in Suncor Energy Inc. $SU

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,998 shares of the oil and gas producer’s stock after acquiring an additional 2,491 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Suncor Energy were worth $2,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Guardian Partners Inc. increased its position in shares of Suncor Energy by 0.3% during the first quarter. Guardian Partners Inc. now owns 270,084 shares of the oil and gas producer’s stock worth $10,458,000 after acquiring an additional 862 shares during the last quarter. Ruggaard & Associates LLC grew its stake in Suncor Energy by 6.6% in the first quarter. Ruggaard & Associates LLC now owns 11,330 shares of the oil and gas producer’s stock worth $439,000 after purchasing an additional 700 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in Suncor Energy by 9.1% in the first quarter. Polar Asset Management Partners Inc. now owns 60,000 shares of the oil and gas producer’s stock worth $2,326,000 after purchasing an additional 5,000 shares in the last quarter. NewEdge Advisors LLC grew its stake in Suncor Energy by 15.0% in the first quarter. NewEdge Advisors LLC now owns 63,099 shares of the oil and gas producer’s stock worth $2,443,000 after purchasing an additional 8,254 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Suncor Energy by 172.7% in the first quarter. Integrated Wealth Concepts LLC now owns 19,844 shares of the oil and gas producer’s stock worth $768,000 after purchasing an additional 12,566 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Up 1.8%

NYSE:SU opened at $40.96 on Wednesday. The company has a market capitalization of $49.70 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.47 and a beta of 0.87. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.76. The stock has a 50-day simple moving average of $39.51 and a 200 day simple moving average of $37.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate 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 earned $1.27 earnings per share. Sell-side analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. Suncor Energy’s payout ratio is 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.