BARING ASSET MANAGEMENT Ltd decreased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 16.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,106,335 shares of the oil and gas producer’s stock after selling 223,894 shares during the period. Suncor Energy accounts for 2.3% of BARING ASSET MANAGEMENT Ltd’s portfolio, making the stock its 10th largest position. BARING ASSET MANAGEMENT Ltd owned approximately 0.07% of Suncor Energy worth $38,755,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. First Personal Financial Services grew its holdings in shares of Suncor Energy by 144.1% during the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 2,270 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after purchasing an additional 2,248 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Suncor Energy by 680.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Suncor Energy by 50.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock worth $186,000 after purchasing an additional 2,138 shares during the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.
Several brokerages recently issued reports on SU. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, October 11th. Morgan Stanley increased their price target on shares of Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price target on shares of Suncor Energy in a research report on Monday, October 16th. Wolfe Research upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Finally, BidaskClub upgraded shares of Suncor Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Suncor Energy has an average rating of “Buy” and a consensus price target of $43.86.
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Suncor Energy Inc. (NYSE:SU) traded down $0.12 during mid-day trading on Tuesday, hitting $36.30. 3,761,700 shares of the company were exchanged, compared to its average volume of 3,255,070. The stock has a market cap of $59,340.00, a PE ratio of 31.40, a PEG ratio of 3.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $36.71.
Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.15. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. equities research analysts predict that Suncor Energy Inc. will post 1.28 earnings per share for the current fiscal year.
Suncor Energy Profile
Suncor Energy Inc is a Canada-based 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.
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