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

Key Points

• Unusually high put activity: Investors purchased 28,315 put options on Suncor on Wednesday — roughly a 2,998% increase versus the typical volume of 914, indicating heavy hedging or short positioning.
• Company and analyst catalysts: Suncor unveiled a three‑year plan with larger 2026 buybacks and lower breakeven targets, while firms like Goldman Sachs raised price targets and maintained buy ratings, signaling growing institutional confidence.
• Stock and payout context: SU is down about 1.8% on the day despite a slight EPS beat, trades with a market cap near $77.3B and a PE of ~18.7, and pays a $0.60 quarterly dividend (around a 3.7% yield).

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU was the recipient of unusually large options trading on Wednesday. Investors purchased 28,315 put options on the company. This is an increase of approximately 2,998% compared to the typical volume of 914 put options.

Suncor Energy News Roundup

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Goldman Sachs raised its price target to $73 and maintained a buy stance, signaling ~12% upside vs. recent levels and reinforcing institutional conviction in Suncor’s outlook. Goldman Sachs raises price target
• Positive Sentiment: Suncor announced larger 2026 buybacks and a new plan aimed at lowering its breakeven, a direct shareholder-friendly move that should support EPS and cash-return expectations. Suncor lifts 2026 buybacks
• Positive Sentiment: At Investor Day Suncor rolled out a three‑year plan to boost production and cash flow, including expansion timing for oilsands assets and higher buybacks — concrete execution steps that could improve long‑term returns. Investor Day presentation and 3-year plan
• Positive Sentiment: Zacks upgraded Suncor to a #2 (Buy) and highlighted the stock as a top-ranked momentum candidate, which may attract momentum-focused inflows. Zacks upgraded Suncor
• Neutral Sentiment: Raymond James reaffirmed its buy rating — supportive but not a catalyst on its own unless paired with higher targets or revisions. Raymond James reaffirms buy
• Neutral Sentiment: Recent fundamentals: Q4 EPS slightly beat estimates while revenue was roughly in line; consensus forecasts remain for mid‑single‑digit annual EPS in 2026 — supportive but not transformative. (Company filings / earnings release)
• Negative Sentiment: Despite the positive catalysts above, shares are down today — likely due to profit‑taking after a strong sector run and rotation dynamics. Elevated volume suggests active repositioning rather than a fresh negative development.

Suncor Energy Stock Down 1.8%

Shares of SU stock opened at $64.94 on Thursday. Suncor Energy has a 12 month low of $30.79 and a 12 month high of $67.76. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $77.27 billion, a PE ratio of 18.71 and a beta of 0.32. The stock has a 50 day moving average of $57.51 and a 200-day moving average of $48.15.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, equities analysts predict that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is currently 50.72%.

Institutional Investors Weigh In On Suncor Energy

Several hedge funds have recently made changes to their positions in SU. AQR Capital Management LLC increased its stake in Suncor Energy by 14.2% during the first quarter. AQR Capital Management LLC now owns 25,015 shares of the oil and gas producer's stock valued at $959,000 after acquiring an additional 3,115 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Suncor Energy by 172.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,981 shares of the oil and gas producer's stock worth $77,000 after acquiring an additional 1,254 shares during the period. Choreo LLC grew its holdings in shares of Suncor Energy by 19.4% during the 2nd quarter. Choreo LLC now owns 7,406 shares of the oil and gas producer's stock worth $277,000 after purchasing an additional 1,201 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Suncor Energy by 15.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,582 shares of the oil and gas producer's stock valued at $958,000 after purchasing an additional 3,518 shares during the period. Finally, Lido Advisors LLC increased its position in shares of Suncor Energy by 6.8% during the second quarter. Lido Advisors LLC now owns 7,334 shares of the oil and gas producer's stock valued at $275,000 after purchasing an additional 465 shares during the period. Institutional investors own 67.37% of the company's stock.

Wall Street Analyst Weigh In

SU has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Suncor Energy from a "neutral" rating to an "overweight" rating and increased their price target for the company from $46.15 to $54.00 in a report on Tuesday, January 20th. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Zacks Research lowered shares of Suncor Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Suncor Energy in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Sunday, December 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Suncor Energy currently has an average rating of "Moderate Buy" and a consensus price target of $67.33.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company's operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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