Fiera Capital Corp Has $57.30 Million Position in Suncor Energy Inc. (NYSE:SU)

Fiera Capital Corp boosted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 11.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,550,252 shares of the oil and gas producer's stock after purchasing an additional 161,306 shares during the quarter. Fiera Capital Corp owned about 0.12% of Suncor Energy worth $57,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Easterly Investment Partners LLC boosted its position in shares of Suncor Energy by 3.2% during the 3rd quarter. Easterly Investment Partners LLC now owns 254,114 shares of the oil and gas producer's stock worth $9,382,000 after purchasing an additional 7,835 shares in the last quarter. Principal Financial Group Inc. increased its position in Suncor Energy by 23.0% during the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer's stock worth $256,429,000 after purchasing an additional 1,296,142 shares during the last quarter. Harvest Portfolios Group Inc. raised its position in shares of Suncor Energy by 6.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 113,557 shares of the oil and gas producer's stock worth $4,191,000 after buying an additional 6,971 shares during the period. River Road Asset Management LLC increased its position in Suncor Energy by 89.0% during the 3rd quarter. River Road Asset Management LLC now owns 743,421 shares of the oil and gas producer's stock worth $27,447,000 after purchasing an additional 350,113 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of Suncor Energy by 2.0% during the third quarter. Intact Investment Management Inc. now owns 2,106,454 shares of the oil and gas producer's stock worth $77,757,000 after purchasing an additional 40,540 shares in the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

NYSE:SU traded down $0.44 during trading hours on Friday, reaching $39.16. The company had a trading volume of 2,316,639 shares, compared to its average volume of 4,212,940. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $38.34 and a two-hundred day moving average of $38.76. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94. The firm has a market capitalization of $49.41 billion, a PE ratio of 9.09, a PEG ratio of 2.78 and a beta of 1.12.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.51. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. Analysts forecast that Suncor Energy Inc. will post 3.53 earnings per share for the current year.

Analyst Ratings Changes

SU has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday. BMO Capital Markets raised Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. Scotiabank dropped their price target on shares of Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, July 12th. 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 Suncor Energy in a report on Thursday, July 18th. They issued an "outperform" rating and a $68.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.83.

Suncor Energy 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.