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

Suncor Energy logo with Energy background

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU saw some unusual options trading on Wednesday. Stock investors bought 28,315 put options on the company. This is an increase of 2,998% compared to the typical volume of 914 put options.

Institutional Trading of Suncor Energy

Large investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management grew its position in shares of Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Suncor Energy in the fourth quarter valued at $35,000. Lee Danner & Bass Inc. purchased a new position in shares of Suncor Energy in the fourth quarter valued at $36,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Suncor Energy in the first quarter valued at $36,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SU has been the subject of a number of research analyst reports. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

Read Our Latest Analysis on Suncor Energy

Suncor Energy Stock Performance

NYSE:SU traded down $0.44 during trading hours on Friday, reaching $37.53. The stock had a trading volume of 6,582,328 shares, compared to its average volume of 4,474,124. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a 50 day simple moving average of $36.65 and a 200 day simple moving average of $36.94. Suncor Energy has a 12-month low of $30.79 and a 12-month high of $41.95. The stock has a market cap of $45.89 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 3.27 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period last year, the business posted $1.41 earnings per share. On average, research analysts forecast that Suncor Energy will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were given a $0.4133 dividend. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is currently 47.84%.

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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