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

21 Mar 2025, 04:14 by Doug Wharley · The Cerbat Gem

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on SU. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Check Out Our Latest Research Report on Suncor Energy

Suncor Energy Stock Performance

Shares of SU opened at $37.71 on Friday. Suncor Energy has a 12-month low of $33.81 and a 12-month high of $41.95. The stock has a market cap of $46.65 billion, a P/E ratio of 10.93, a PEG ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $38.26 and a two-hundred day moving average of $38.17.

Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, research analysts predict that Suncor Energy will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.23%. Suncor Energy’s dividend payout ratio is currently 45.51%.

Institutional Trading of Suncor Energy

A number of large investors have recently made changes to their positions in SU. Sanctuary Advisors LLC lifted its holdings in Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Suncor Energy by 86.0% during the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after buying an additional 31,366 shares during the period. Sage Investment Counsel LLC acquired a new stake in Suncor Energy during the fourth quarter worth approximately $300,000. Intech Investment Management LLC grew its stake in Suncor Energy by 1,345.8% in the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock worth $17,309,000 after acquiring an additional 436,016 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the 4th quarter valued at $236,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

About Suncor Energy

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