Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU was the recipient of unusually large options trading activity on Wednesday. Traders purchased 28,315 put options on the stock. This represents an increase of approximately 2,998% compared to the average volume of 914 put options.
Hedge Funds Weigh In On Suncor Energy
A number of hedge funds have recently modified their holdings of SU. Vanguard Group Inc. boosted its position in Suncor Energy by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer's stock valued at $1,892,526,000 after purchasing an additional 323,714 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Suncor Energy by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer's stock valued at $865,885,000 after buying an additional 169,700 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Suncor Energy by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer's stock valued at $831,631,000 after buying an additional 209,447 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Suncor Energy by 3.0% in the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock valued at $680,847,000 after buying an additional 552,018 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Suncor Energy by 65.0% in the first 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 during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.
Suncor Energy Stock Down 0.4%
Shares of SU stock traded down $0.16 on Friday, reaching $35.60. 3,871,094 shares of the company's stock traded hands, compared to its average volume of 4,475,011. The company has a market capitalization of $43.90 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. Suncor Energy has a 12-month low of $30.79 and a 12-month high of $41.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The business's 50 day moving average price is $35.38 and its two-hundred day moving average price is $37.14.
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 for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. During the same quarter in the previous year, the business posted $1.41 EPS. On average, equities analysts forecast that Suncor Energy will post 3.42 earnings per share for the current year.
Suncor Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.4133 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.64%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio (DPR) is 45.53%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on SU shares. Scotiabank upgraded Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Cibc World Mkts raised Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Bank of America began coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a "neutral" rating for the company. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.
Get Our Latest Report on SU
About Suncor Energy
(
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.
See Also
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
