River Road Asset Management LLC raised its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 89.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 743,421 shares of the oil and gas producer's stock after acquiring an additional 350,113 shares during the period. River Road Asset Management LLC owned approximately 0.06% of Suncor Energy worth $27,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Suncor Energy by 59.7% during the 1st quarter. Toronto Dominion Bank now owns 17,606,934 shares of the oil and gas producer's stock valued at $649,872,000 after purchasing an additional 6,580,260 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Suncor Energy by 90.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer's stock valued at $316,226,000 after purchasing an additional 3,951,287 shares during the last quarter. National Bank of Canada FI grew its position in Suncor Energy by 60.7% in the 2nd quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer's stock valued at $328,876,000 after acquiring an additional 3,272,896 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Suncor Energy by 305.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,725,000 shares of the oil and gas producer's stock valued at $63,687,000 after acquiring an additional 1,300,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer's stock valued at $956,850,000 after acquiring an additional 1,209,073 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.
Suncor Energy Stock Up 0.7 %
Suncor Energy stock traded up $0.27 during midday trading on Tuesday, reaching $38.44. The company's stock had a trading volume of 2,122,878 shares, compared to its average volume of 4,235,783. The stock's 50-day simple moving average is $38.42 and its 200-day simple moving average is $38.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The stock has a market capitalization of $48.50 billion, a P/E ratio of 8.92, a PEG ratio of 2.67 and a beta of 1.12.
Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.51. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The company's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. On average, sell-side analysts expect that Suncor Energy Inc. will post 3.53 EPS for the current year.
Wall Street Analyst Weigh In
SU has been the topic of several research analyst reports. BMO Capital Markets raised Suncor Energy from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 7th. TD Securities raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. StockNews.com downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, October 17th. Wolfe Research began coverage on Suncor Energy in a research report on Thursday, July 18th. They issued an "outperform" rating and a $68.00 price objective on the stock. Finally, Scotiabank lowered their target price on Suncor Energy from $61.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus target price of $55.83.
View Our Latest Research Report on Suncor Energy
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.
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