Traders Purchase Large Volume of Suncor Energy Put Options (NYSE:SU)

Suncor Energy Inc. (NYSE:SU - Get Free Report) TSE: SU saw unusually large options trading on Wednesday. Investors bought 28,315 put options on the stock. This represents an increase of approximately 2,998% compared to the average volume of 914 put options.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SU. Desjardins raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.40.

Institutional Trading of Suncor Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Investment Group LTD. lifted its position in Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after purchasing an additional 262 shares during the period. First Horizon Advisors Inc. raised its position in shares of Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock valued at $186,000 after buying an additional 281 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Suncor Energy by 11.0% during the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock worth $121,000 after acquiring an additional 325 shares during the period. Richardson Financial Services Inc. boosted its position in shares of Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 328 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in Suncor Energy by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock valued at $276,000 after acquiring an additional 354 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU traded down $0.96 during trading on Thursday, hitting $37.19. The stock had a trading volume of 4,435,813 shares, compared to its average volume of 4,317,740. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The company has a 50 day moving average price of $39.27 and a 200-day moving average price of $38.77. Suncor Energy has a one year low of $29.53 and a one year high of $41.94. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 2.54 and a beta of 1.11.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.4089 dividend. The ex-dividend date is Tuesday, December 3rd. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.40%. Suncor Energy's dividend payout ratio is 36.60%.

Suncor Energy Company Profile

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.