Entropy Technologies LP Acquires New Holdings in Suncor Energy Inc. (NYSE:SU)

Entropy Technologies LP purchased a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,096 shares of the oil and gas producer's stock, valued at approximately $2,477,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cullen Investment Group LTD. raised its position 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 purchasing an additional 262 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Suncor Energy by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock worth $186,000 after purchasing an additional 281 shares during the last quarter. Blue Trust Inc. raised its position in shares of Suncor Energy by 11.0% in the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock worth $121,000 after purchasing an additional 325 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 328 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Suncor Energy by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer's stock worth $104,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 3.9 %

SU stock traded up $1.50 during midday trading on Wednesday, reaching $39.61. The company's stock had a trading volume of 4,098,215 shares, compared to its average volume of 4,227,211. 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 fifty day simple moving average of $38.27 and a two-hundred day simple moving average of $38.74. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The firm has a market capitalization of $49.98 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 2.70 and a beta of 1.12.

Wall Street Analyst Weigh In

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

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.