Short Interest in Suncor Energy Inc. (NYSE:SU) Drops By 22.9%

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 6,349,777 shares, a decrease of 22.9% from the January 15th total of 8,234,926 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 4,309,918 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 4,309,918 shares, the short-interest ratio is currently 1.5 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Suncor Energy

Several hedge funds and other institutional investors have recently modified their holdings of SU. Kestra Advisory Services LLC lifted its holdings in shares of Suncor Energy by 12.1% in the 4th quarter. Kestra Advisory Services LLC now owns 49,267 shares of the oil and gas producer’s stock worth $2,185,000 after purchasing an additional 5,310 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Suncor Energy by 82.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 4,209 shares of the oil and gas producer’s stock worth $187,000 after acquiring an additional 1,897 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Suncor Energy by 31.1% in the 4th quarter. UMB Bank n.a. now owns 2,346 shares of the oil and gas producer’s stock worth $104,000 after acquiring an additional 557 shares during the last quarter. Stifel Financial Corp lifted its position in Suncor Energy by 31.2% in the 4th quarter. Stifel Financial Corp now owns 135,870 shares of the oil and gas producer’s stock valued at $6,027,000 after acquiring an additional 32,327 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Suncor Energy by 109.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,664 shares of the oil and gas producer’s stock valued at $74,000 after acquiring an additional 871 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 1.6%

Shares of SU stock traded up $0.87 during trading hours on Friday, hitting $55.96. 2,706,399 shares of the company were exchanged, compared to its average volume of 4,991,905. The company has a 50 day simple moving average of $47.96 and a two-hundred day simple moving average of $43.59. The firm has a market cap of $66.59 billion, a P/E ratio of 16.13 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.39. Suncor Energy has a fifty-two week low of $30.79 and a fifty-two week high of $56.46.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Suncor Energy had a net margin of 11.99% and a return on equity of 12.51%. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. Equities analysts anticipate that Suncor Energy will post 3.42 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 4th. Suncor Energy’s dividend payout ratio is 49.57%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded Suncor Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $46.15 to $54.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Finally, The Goldman Sachs Group upped their price target on shares of Suncor Energy from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.00.

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.