Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of unusually large options trading on Thursday. Stock traders bought 11,436 call options on the company. This is an increase of 1,040% compared to the typical daily volume of 1,003 call options.
A number of equities research analysts have recently commented on SU shares. Morgan Stanley reissued a “buy” rating on shares of Suncor Energy in a research note on Tuesday, January 29th. Credit Suisse Group raised Suncor Energy from a “neutral” rating to an “outperform” rating in a report on Thursday. GMP Securities downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Mizuho reaffirmed an “average” rating and set a $52.00 price target on shares of Suncor Energy in a report on Monday, December 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Suncor Energy in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Suncor Energy currently has an average rating of “Buy” and a consensus price target of $49.12.
Shares of Suncor Energy stock opened at $33.76 on Friday. The stock has a market capitalization of $53.51 billion, a PE ratio of 16.88, a P/E/G ratio of 2.32 and a beta of 1.17. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.32. Suncor Energy has a 1 year low of $25.81 and a 1 year high of $42.55.
Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, February 5th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $8.13 billion. Suncor Energy had a net margin of 8.48% and a return on equity of 9.50%. Sell-side analysts forecast that Suncor Energy will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.27. Suncor Energy’s dividend payout ratio is 63.50%.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Suncor Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 45,511,913 shares of the oil and gas producer’s stock valued at $1,760,855,000 after buying an additional 1,077,378 shares during the last quarter. Vanguard Group Inc grew its position in shares of Suncor Energy by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 45,511,913 shares of the oil and gas producer’s stock valued at $1,760,855,000 after buying an additional 1,077,378 shares during the last quarter. Capital International Investors grew its position in shares of Suncor Energy by 680.0% during the 3rd quarter. Capital International Investors now owns 35,098,879 shares of the oil and gas producer’s stock valued at $1,358,140,000 after buying an additional 30,599,078 shares during the last quarter. BlackRock Inc. grew its position in shares of Suncor Energy by 3.5% during the 4th quarter. BlackRock Inc. now owns 31,170,360 shares of the oil and gas producer’s stock valued at $871,835,000 after buying an additional 1,060,818 shares during the last quarter. Finally, Sanders Capital LLC grew its position in Suncor Energy by 5.6% in the 4th quarter. Sanders Capital LLC now owns 19,601,916 shares of the oil and gas producer’s stock worth $620,488,000 after purchasing an additional 1,045,086 shares during the last quarter. Institutional investors and hedge funds own 65.11% of the company’s stock.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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