Suncor Energy Inc. (SU) Short Interest Update
Suncor Energy Inc. (NYSE:SU) (TSE:SU) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 9,748,098 shares, a decline of 26.7% from the August 15th total of 13,305,715 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 2,501,401 shares, the short-interest ratio is presently 3.9 days.
SU has been the topic of a number of research reports. Zacks Investment Research upgraded Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, July 4th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. National Bank Financial initiated coverage on Suncor Energy in a report on Tuesday, June 27th. They issued an “outperform” rating on the stock. Finally, Barclays PLC restated an “overweight” rating and issued a $52.00 price target (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Suncor Energy currently has an average rating of “Buy” and a consensus price target of $42.86.
Shares of Suncor Energy (NYSE SU) opened at 34.13 on Monday. The company has a market cap of $56.63 billion, a price-to-earnings ratio of 26.44 and a beta of 0.82. Suncor Energy has a 1-year low of $25.70 and a 1-year high of $34.22. The firm has a 50-day moving average price of $32.26 and a 200 day moving average price of $31.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.2552 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 2.99%. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s payout ratio is 84.43%.
Several institutional investors have recently bought and sold shares of SU. BlackRock Inc. lifted its position in shares of Suncor Energy by 11,547,276.0% during the 1st quarter. BlackRock Inc. now owns 23,556,647 shares of the oil and gas producer’s stock worth $724,366,000 after buying an additional 23,556,443 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Suncor Energy by 39.1% during the 1st quarter. OppenheimerFunds Inc. now owns 15,323,679 shares of the oil and gas producer’s stock worth $471,203,000 after buying an additional 4,309,173 shares in the last quarter. Capital International Investors bought a new position in shares of Suncor Energy during the 2nd quarter worth approximately $106,342,000. FMR LLC lifted its position in shares of Suncor Energy by 3.4% during the 1st quarter. FMR LLC now owns 105,191,127 shares of the oil and gas producer’s stock worth $3,229,653,000 after buying an additional 3,492,013 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Suncor Energy during the 2nd quarter worth approximately $99,291,000. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.