Traders Purchase Large Volume of Suncor Energy Call Options (SU)

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Suncor Energy Inc. (NYSE:SU) (TSE:SU) saw unusually large options trading activity on Tuesday. Stock investors purchased 8,103 call options on the company. This represents an increase of 622% compared to the typical daily volume of 1,122 call options.

SU stock opened at $28.93 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.59 and a current ratio of 0.93. Suncor Energy has a fifty-two week low of $28.73 and a fifty-two week high of $42.55. The company has a market cap of $47.17 billion, a P/E ratio of 19.16, a PEG ratio of 1.35 and a beta of 1.00.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.25. Suncor Energy had a net margin of 12.66% and a return on equity of 11.11%. The firm had revenue of $8.31 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. Analysts anticipate that Suncor Energy will post 2.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 3rd will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.77%. Suncor Energy’s payout ratio is 71.52%.

Several hedge funds have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. boosted its holdings in Suncor Energy by 80.2% in the third quarter. Howe & Rusling Inc. now owns 3,314 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 1,475 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Suncor Energy by 3.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,683 shares of the oil and gas producer’s stock valued at $2,038,000 after purchasing an additional 1,584 shares in the last quarter. Paloma Partners Management Co boosted its holdings in Suncor Energy by 28.1% in the third quarter. Paloma Partners Management Co now owns 7,262 shares of the oil and gas producer’s stock valued at $281,000 after purchasing an additional 1,592 shares in the last quarter. Freestone Capital Holdings LLC boosted its holdings in Suncor Energy by 9.9% in the third quarter. Freestone Capital Holdings LLC now owns 17,760 shares of the oil and gas producer’s stock valued at $687,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Timber Hill LLC boosted its holdings in Suncor Energy by 17.9% in the third quarter. Timber Hill LLC now owns 10,928 shares of the oil and gas producer’s stock valued at $423,000 after purchasing an additional 1,656 shares in the last quarter. Hedge funds and other institutional investors own 64.81% of the company’s stock.

SU has been the topic of a number of recent research reports. GARP Research upgraded shares of Suncor Energy from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. TD Securities reiterated a “buy” rating and set a $59.00 price target on shares of Suncor Energy in a research note on Sunday. Zacks Investment Research reiterated a “hold” rating on shares of Suncor Energy in a research note on Friday, November 16th. AltaCorp Capital upgraded shares of Suncor Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Finally, GMP Securities lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.89.

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Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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