Suncor Energy Sees Unusually Large Options Volume (NYSE:SU)

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in Suncor Energy by 9.6% during the third quarter. Janney Montgomery Scott LLC now owns 60,372 shares of the oil and gas producer’s stock valued at $2,075,000 after purchasing an additional 5,303 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Suncor Energy by 20.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,978 shares of the oil and gas producer’s stock worth $927,000 after buying an additional 4,537 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Suncor Energy by 39.9% during the third quarter. HighTower Advisors LLC now owns 45,997 shares of the oil and gas producer’s stock worth $1,581,000 after acquiring an additional 13,126 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Suncor Energy by 2.2% in the 3rd quarter. Blair William & Co. IL now owns 154,551 shares of the oil and gas producer’s stock valued at $5,313,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Suncor Energy by 5.7% during the 3rd quarter. Deutsche Bank AG now owns 1,122,327 shares of the oil and gas producer’s stock valued at $38,586,000 after purchasing an additional 60,236 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Down 3.0 %

NYSE:SU opened at $36.91 on Friday. The stock’s fifty day moving average price is $38.99 and its two-hundred day moving average price is $35.29. The company has a market cap of $47.46 billion, a P/E ratio of 8.22, a P/E/G ratio of 3.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.97. Suncor Energy has a 1 year low of $28.07 and a 1 year high of $41.50.

Suncor Energy (NYSE:SUGet Free Report) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. As a group, analysts expect that Suncor Energy will post 3.37 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.395 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.28%. Suncor Energy’s dividend payout ratio (DPR) is currently 35.19%.

Analyst Ratings Changes

SU has been the subject of several analyst reports. Raymond James upgraded shares of Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. Morgan Stanley upped their price objective on Suncor Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their target price on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. TD Securities raised their price objective on shares of Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $51.67.

View Our Latest Stock Report on SU

Suncor Energy Company Profile

(Get Free Report)

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.

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