Oxbow Advisors LLC Purchases Shares of 95,399 Suncor Energy Inc. (NYSE:SU)

Oxbow Advisors LLC purchased a new position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 95,399 shares of the oil and gas producer's stock, valued at approximately $3,522,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SU. Eastern Bank bought a new position in shares of Suncor Energy in the third quarter valued at $25,000. Trust Co. of Vermont acquired a new position in Suncor Energy during the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new stake in Suncor Energy during the 2nd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its position in 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 valued at $28,000 after buying an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Suncor Energy during the 2nd quarter worth $29,000. 67.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on SU shares. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Thursday. Scotiabank cut their price objective on 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 Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Wolfe Research started coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an "outperform" rating and a $68.00 price target on the stock. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.83.

Suncor Energy Stock Down 1.1 %

NYSE:SU traded down $0.44 during trading hours on Friday, reaching $39.16. 2,316,667 shares of the company traded hands, compared to its average volume of 4,212,940. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.94. The stock has a market capitalization of $49.41 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.78 and a beta of 1.12. The business's 50-day moving average price is $38.34 and its two-hundred day moving average price is $38.76. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26.

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 EPS for the quarter, beating the consensus estimate of $0.76 by $0.51. The company had revenue of $12.90 billion for 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%. Suncor Energy's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Analysts predict that Suncor Energy Inc. will post 3.53 earnings per share for the current year.

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.