Meixler Investment Management Ltd. lowered its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,220 shares of the oil and gas producer's stock after selling 27,568 shares during the quarter. Suncor Energy makes up approximately 7.8% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 4th largest position. Meixler Investment Management Ltd.'s holdings in Suncor Energy were worth $10,567,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SU. BNP Paribas Financial Markets raised its stake in shares of Suncor Energy by 2,358.4% in the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer's stock worth $635,000 after purchasing an additional 16,509 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Suncor Energy by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 60,892 shares of the oil and gas producer's stock worth $2,248,000 after purchasing an additional 1,166 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Suncor Energy by 56.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer's stock valued at $2,054,000 after acquiring an additional 20,101 shares during the period. Empowered Funds LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at about $2,940,000. Finally, Atomi Financial Group Inc. grew its position in shares of 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 worth $324,000 after buying an additional 1,871 shares during the period. 67.37% of the stock is owned by institutional investors.
Analysts Set New Price Targets
SU has been the topic of a number of research reports. TD Securities upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday. Wolfe Research initiated coverage on Suncor Energy in a research report on Thursday, July 18th. They set an "outperform" rating and a $68.00 target price on the stock. Finally, BMO Capital Markets raised Suncor Energy from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.40.
View Our Latest Stock Analysis on SU
Suncor Energy Price Performance
Shares of SU stock traded down $0.33 during mid-day trading on Monday, hitting $38.83. 3,940,427 shares of the stock were exchanged, compared to its average volume of 4,206,276. The company has a market cap of $48.99 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The firm has a fifty day moving average of $38.34 and a 200 day moving average of $38.75. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94.
About Suncor Energy
(
Free Report)
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.
Read More
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.