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

Suncor Energy Inc. (NYSE:SU) (TSE:SU) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 45,850,000 shares, a growth of 141.3% from the November 15th total of 19,000,000 shares. Based on an average trading volume of 3,860,000 shares, the short-interest ratio is currently 11.9 days. Currently, 3.6% of the shares of the company are sold short.

Suncor Energy Stock Performance

SU traded down $0.41 during trading hours on Friday, hitting $36.78. The company’s stock had a trading volume of 5,165,694 shares, compared to its average volume of 4,320,619. The company has a 50-day simple moving average of $39.16 and a 200 day simple moving average of $38.74. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $46.28 billion, a PE ratio of 8.01, a PEG ratio of 2.52 and a beta of 1.11. Suncor Energy has a fifty-two week low of $30.89 and a fifty-two week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.45%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is 36.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on SU shares. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.40.

Institutional Investors Weigh In On Suncor Energy

Several institutional investors have recently bought and sold shares of SU. Eastern Bank bought a new stake in Suncor Energy during the third quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Suncor Energy in the 2nd quarter worth $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the period. Ridgewood Investments LLC bought a new position in Suncor Energy during the second quarter valued at about $29,000. Finally, ORG Partners LLC acquired a new position in Suncor Energy during the second quarter worth about $43,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.