Crossmark Global Holdings Inc. Decreases Stock Position in Suncor Energy Inc. (NYSE:SU)

Crossmark Global Holdings Inc. cut its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,074 shares of the oil and gas producer's stock after selling 36,311 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Suncor Energy were worth $12,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SU. Cullen Investment Group LTD. lifted its holdings in shares of Suncor Energy by 0.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after acquiring an additional 262 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Suncor Energy by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock valued at $186,000 after buying an additional 281 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Suncor Energy by 11.0% in the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock worth $121,000 after buying an additional 325 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 328 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Suncor Energy by 16.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 377 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Stock Down 1.1 %

SU stock traded down $0.44 during trading on Friday, reaching $39.16. 2,316,667 shares of the company traded hands, compared to its average volume of 2,509,635. The business has a 50 day simple moving average of $38.34 and a 200 day simple moving average of $38.75. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month 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 company has a market capitalization of $49.41 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Securities raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. BMO Capital Markets upgraded Suncor Energy from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on Suncor Energy in a research note on Thursday, July 18th. They issued an "outperform" rating and a $68.00 price objective on the stock. Finally, StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.83.

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.