Suncor Energy Inc. (NYSE:SU) Short Interest Down 22.9% in January

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the target of a significant decrease in short interest during 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. Based on an average daily volume of 4,309,918 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 4,309,918 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Suncor Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in shares of Suncor Energy by 22.6% in the 4th quarter. IFP Advisors Inc now owns 1,047 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 193 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in Suncor Energy by 3.5% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,742 shares of the oil and gas producer’s stock worth $255,000 after purchasing an additional 196 shares in the last quarter. Chesapeake Capital Corp IL increased its holdings in Suncor Energy by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 22,741 shares of the oil and gas producer’s stock worth $1,009,000 after purchasing an additional 203 shares in the last quarter. Quadrant Capital Group LLC raised its position in Suncor Energy by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 28,748 shares of the oil and gas producer’s stock valued at $1,275,000 after purchasing an additional 212 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Suncor Energy by 54.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.87 during trading on Friday, reaching $55.96. 2,706,399 shares of the company’s stock were exchanged, compared to its average volume of 4,991,905. 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 1-year low of $30.79 and a 1-year high of $56.46. The company has a market cap of $66.59 billion, a P/E ratio of 16.13 and a beta of 0.46. The firm’s 50-day moving average price is $47.96 and its 200 day moving average price is $43.59.

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

Suncor Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group lifted their target price on shares of Suncor Energy from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Suncor Energy in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.