Aigen Investment Management LP Purchases New Position in Suncor Energy Inc. (NYSE:SU)

Aigen Investment Management LP acquired a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 37,283 shares of the oil and gas producer's stock, valued at approximately $1,376,000.

Several other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets increased its stake in Suncor Energy by 2,358.4% during the 1st quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer's stock worth $635,000 after acquiring an additional 16,509 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Suncor Energy by 56.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer's stock worth $2,054,000 after buying an additional 20,101 shares during the period. Atomi Financial Group Inc. boosted its holdings in Suncor Energy by 27.1% in the 1st quarter. Atomi Financial Group Inc. now owns 8,786 shares of the oil and gas producer's stock valued at $324,000 after purchasing an additional 1,871 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Suncor Energy by 5.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 7,695 shares of the oil and gas producer's stock worth $284,000 after purchasing an additional 395 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Suncor Energy in the first quarter valued at approximately $3,233,000. Institutional investors and hedge funds own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

SU has been the subject of a number of research reports. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th. BMO Capital Markets raised Suncor Energy from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 7th. TD Securities raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. Finally, Wolfe Research initiated coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They issued an "outperform" rating and a $68.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.40.

Suncor Energy Stock Performance

NYSE:SU traded down $0.70 during mid-day trading on Tuesday, hitting $38.13. 7,313,138 shares of the stock were exchanged, compared to its average volume of 4,227,017. The firm's 50-day simple moving average is $38.30 and its 200 day simple moving average is $38.74. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46. The stock has a market capitalization of $48.11 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12.

Suncor Energy Company Profile

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.