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

Key Points

• Suncor Energy experienced a significant increase in options trading, with 28,315 put options acquired on Wednesday, marking a 2,998% rise compared to typical volumes.
• The company reported earnings of $0.51 per share for its latest quarter, slightly surpassing the consensus estimate of $0.50, but total revenue fell short at $8.81 billion versus the expected $11.56 billion.
• Suncor Energy announced an increase in its quarterly dividend to $0.4135 per share, reflecting a 4.1% annualized yield, with the ex-dividend date set for September 4th.

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU saw some unusual options trading activity on Wednesday. Investors purchased 28,315 put options on the stock. Thisisanincreaseofapproximately2,998% compared to the typical volume of 914 put options.

Suncor Energy Stock Down 0.4%

SU traded down $0.17 during trading on Friday, hitting $39.98. The company had a trading volume of 4,100,802 shares, compared to its average volume of 3,920,818. The company has a market capitalization of $48.51 billion, a PE ratio of 12.30, a PEG ratio of 3.46 and a beta of 0.87. Suncor Energy has a one year low of $30.79 and a one year high of $41.76. The firm's 50-day moving average price is $39.39 and its 200 day moving average price is $37.50. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same period in the previous year, the firm posted $1.27 EPS. As a group, equities analysts expect that Suncor Energy will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 annualized dividend and a yield of 4.1%. Suncor Energy's payout ratio is presently 50.46%.

Institutional Investors Weigh In On Suncor Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Suncor Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer's stock worth $2,046,442,000 after buying an additional 1,632,247 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Suncor Energy by 38.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 33,722,975 shares of the oil and gas producer's stock worth $1,264,043,000 after buying an additional 9,378,552 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Suncor Energy by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,911,602 shares of the oil and gas producer's stock worth $779,788,000 after buying an additional 641,354 shares in the last quarter. Toronto Dominion Bank lifted its position in Suncor Energy by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after buying an additional 552,018 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Suncor Energy by 65.0% during the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after buying an additional 6,311,513 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

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.