Montgomery Investment Management Inc. Has $2.11 Million Stock Holdings in Suncor Energy Inc. $SU

Montgomery Investment Management Inc. cut its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,300 shares of the oil and gas producer’s stock after selling 800 shares during the quarter. Suncor Energy makes up 0.8% of Montgomery Investment Management Inc.’s holdings, making the stock its 29th biggest holding. Montgomery Investment Management Inc.’s holdings in Suncor Energy were worth $2,108,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Gold Investment Management Ltd. boosted its stake in Suncor Energy by 2.2% in the second quarter. Gold Investment Management Ltd. now owns 150,311 shares of the oil and gas producer’s stock valued at $5,629,000 after buying an additional 3,169 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Suncor Energy by 1.8% in the 2nd quarter. Truist Financial Corp now owns 51,441 shares of the oil and gas producer’s stock valued at $1,926,000 after purchasing an additional 886 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Suncor Energy by 3.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,328 shares of the oil and gas producer’s stock valued at $1,360,000 after purchasing an additional 1,076 shares in the last quarter. Independence Bank of Kentucky boosted its position in Suncor Energy by 13.2% in the second quarter. Independence Bank of Kentucky now owns 8,599 shares of the oil and gas producer’s stock valued at $322,000 after buying an additional 1,002 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Suncor Energy by 20.2% in the second quarter. Signaturefd LLC now owns 35,002 shares of the oil and gas producer’s stock valued at $1,311,000 after buying an additional 5,894 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at $41.32 on Thursday. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a market capitalization of $49.95 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.39 and a beta of 0.78. The company’s 50 day moving average price is $40.52 and its two-hundred day moving average price is $38.11.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data 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 return on equity of 13.21% and a net margin of 11.35%.The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter last year, the business posted $1.27 EPS. On average, equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.0%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 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.