Suncor Energy Inc. $SU Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,630 shares of the oil and gas producer’s stock after buying an additional 2,797 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Suncor Energy were worth $548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sagespring Wealth Partners LLC raised its stake in shares of Suncor Energy by 5.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer’s stock worth $235,000 after buying an additional 332 shares during the last quarter. Winthrop Capital Management LLC raised its stake in shares of Suncor Energy by 2.6% during the 1st quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer’s stock worth $529,000 after buying an additional 352 shares during the last quarter. Salem Investment Counselors Inc. raised 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 worth $32,000 after buying an additional 405 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Suncor Energy by 67.0% during the 1st quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.2%

NYSE:SU opened at $42.27 on Wednesday. The company has a market capitalization of $51.10 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 3.39 and a beta of 0.87. 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 52-week low of $30.79 and a 52-week high of $43.48. The stock has a fifty day simple moving average of $40.16 and a 200-day simple moving average of $37.86.

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 for the quarter, beating the consensus estimate 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 company posted $1.27 EPS. On average, equities research analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 3.9%. 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 dividend payout ratio is presently 50.77%.

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.