Investors Buy Large Volume of Suncor Energy Put Options (NYSE:SU)

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of unusually large options trading activity on Wednesday. Investors bought 28,315 put options on the company. Thisrepresentsanincreaseofapproximately2,998% compared to the typical volume of 914 put options.

Institutional Investors Weigh In On Suncor Energy

Several large investors have recently made changes to their positions in SU. Hanson & Doremus Investment Management boosted its position in Suncor Energy by 143.5% in the first quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Suncor Energy in the second quarter valued at approximately $31,000. Salem Investment Counselors Inc. raised its stake in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Maseco LLP acquired a new position in shares of Suncor Energy in the 2nd quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Suncor Energy during the 1st quarter worth approximately $36,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.0%

SU stock opened at $39.0050 on Friday. Suncor Energy has a 1-year low of $30.79 and a 1-year high of $41.94. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $39.10 and its 200-day moving average is $37.39. The firm has a market cap of $47.50 billion, a P/E ratio of 12.00, a P/E/G ratio of 3.32 and a beta of 0.84.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.During the same quarter last year, the company earned $1.27 EPS. Equities analysts anticipate that Suncor Energy will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.4135 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. Suncor Energy’s dividend payout ratio is presently 50.46%.

About Suncor Energy

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.