Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 11,368,247 shares, an increase of 46.1% from the February 15th total of 7,779,731 shares. Based on an average trading volume of 3,302,475 shares, the days-to-cover ratio is presently 3.4 days.

Shares of SU opened at $33.76 on Friday. The firm has a market capitalization of $53.51 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.32 and a beta of 1.17. Suncor Energy has a fifty-two week low of $25.81 and a fifty-two week high of $42.55. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.32.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, February 5th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.11). The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $8.13 billion. Suncor Energy had a net margin of 8.48% and a return on equity of 9.50%. Sell-side analysts forecast that Suncor Energy will post 1.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 4th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.27. Suncor Energy’s dividend payout ratio (DPR) is 63.50%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors lifted its holdings in shares of Suncor Energy by 680.0% during the 3rd quarter. Capital International Investors now owns 35,098,879 shares of the oil and gas producer’s stock valued at $1,358,140,000 after acquiring an additional 30,599,078 shares in the last quarter. Norges Bank acquired a new position in shares of Suncor Energy during the 4th quarter valued at $467,575,000. Bank of New York Mellon Corp lifted its holdings in shares of Suncor Energy by 19,812.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,430,116 shares of the oil and gas producer’s stock valued at $326,160,000 after acquiring an additional 8,387,781 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Suncor Energy by 71.0% during the 4th quarter. Mackenzie Financial Corp now owns 14,798,181 shares of the oil and gas producer’s stock valued at $413,905,000 after acquiring an additional 6,144,568 shares in the last quarter. Finally, PointState Capital LP lifted its holdings in shares of Suncor Energy by 1,705.8% during the 3rd quarter. PointState Capital LP now owns 3,384,128 shares of the oil and gas producer’s stock valued at $130,932,000 after acquiring an additional 3,196,728 shares in the last quarter. Institutional investors own 65.11% of the company’s stock.

A number of analysts recently issued reports on the stock. GMP Securities restated a “hold” rating and set a $47.00 target price on shares of Suncor Energy in a research report on Thursday, February 7th. Credit Suisse Group assumed coverage on shares of Suncor Energy in a research report on Monday, January 28th. They set a “neutral” rating and a $32.02 target price on the stock. Raymond James restated a “buy” rating on shares of Suncor Energy in a research report on Monday, December 17th. TheStreet lowered shares of Suncor Energy from a “b-” rating to a “c+” rating in a report on Monday, February 11th. Finally, Mizuho reiterated an “average” rating and issued a $52.00 price target on shares of Suncor Energy in a report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.12.

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About Suncor Energy

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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