Suncor Energy Target of Unusually Large Options Trading (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of unusually large options trading on Wednesday. Stock traders bought 28,315 put options on the stock. This is an increase of 2,998% compared to the average volume of 914 put options.

Wall Street Analyst Weigh In

Several analysts have issued reports on SU shares. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating for the company. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Finally, Wall Street Zen lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of $64.67.

Hedge Funds Weigh In On Suncor Energy

A number of hedge funds have recently bought and sold shares of SU. Hanson & Doremus Investment Management raised its stake 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 buying an additional 465 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Suncor Energy in the 4th quarter valued at approximately $35,000. Lee Danner & Bass Inc. acquired a new stake in shares of Suncor Energy during the 4th quarter valued at approximately $36,000. Finally, N.E.W. Advisory Services LLC bought a new position in Suncor Energy during the first quarter worth $36,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Down 0.8%

SU stock opened at $37.97 on Thursday. Suncor Energy has a twelve month low of $30.79 and a twelve month high of $41.95. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $46.42 billion, a P/E ratio of 10.94, a PEG ratio of 3.33 and a beta of 0.79. The firm has a 50 day simple moving average of $36.52 and a 200-day simple moving average of $36.95.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period in the prior year, the firm posted $1.41 EPS. On average, equities research analysts predict that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.4133 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.35%. Suncor Energy’s dividend payout ratio (DPR) is presently 47.84%.

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.