Suncor Energy Inc. (NYSE:SU) Short Interest Update

Suncor Energy Inc. (NYSE:SU) (TSE:SU) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,451,828 shares, an increase of 71.1% from the April 30th total of 7,276,893 shares. Based on an average trading volume of 3,569,110 shares, the short-interest ratio is presently 3.5 days. Currently, 1.1% of the shares of the company are short sold.

Suncor Energy Trading Up 1.1%

Shares of SU stock traded up $0.70 on Wednesday, reaching $66.01. 619,122 shares of the company’s stock were exchanged, compared to its average volume of 4,751,353. The company’s fifty day simple moving average is $65.26 and its 200 day simple moving average is $55.26. The stock has a market capitalization of $77.94 billion, a PE ratio of 17.33 and a beta of 0.27. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Suncor Energy has a 52 week low of $35.93 and a 52 week high of $70.29.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same period last year, the business posted $1.31 earnings per share. As a group, analysts forecast that Suncor Energy will post 7.07 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, June 4th. Suncor Energy’s dividend payout ratio is presently 46.19%.

Institutional Trading of Suncor Energy

Institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Suncor Energy by 121.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock valued at $1,724,954,000 after purchasing an additional 14,304,131 shares during the period. Fisher Asset Management LLC grew its stake in Suncor Energy by 85.5% during the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after purchasing an additional 7,158,953 shares in the last quarter. AQR Capital Management LLC increased its holdings in Suncor Energy by 7,636.8% during the 4th quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer’s stock worth $267,042,000 after purchasing an additional 5,938,719 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Suncor Energy by 238.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,758,650 shares of the oil and gas producer’s stock valued at $512,987,000 after purchasing an additional 5,469,431 shares in the last quarter. Finally, FIL Ltd raised its position in Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after purchasing an additional 2,592,516 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

SU has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group lifted their target price on Suncor Energy from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. ATB Cormark Capital Markets raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Finally, Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Suncor Energy Company Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.