BlueCrest Capital Management Ltd Purchases Shares of 12,380 Suncor Energy Inc. (NYSE:SU)

BlueCrest Capital Management Ltd bought a new position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,380 shares of the oil and gas producer’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently modified their holdings of SU. Vanguard Group Inc. boosted its position in Suncor Energy by 4.9% during the second quarter. Vanguard Group Inc. now owns 40,423,181 shares of the oil and gas producer’s stock worth $1,180,357,000 after purchasing an additional 1,892,375 shares in the last quarter. Dodge & Cox boosted its position in Suncor Energy by 7.6% during the second quarter. Dodge & Cox now owns 36,821,800 shares of the oil and gas producer’s stock worth $1,075,197,000 after purchasing an additional 2,587,900 shares in the last quarter. BlackRock Inc. boosted its position in Suncor Energy by 3.6% during the second quarter. BlackRock Inc. now owns 24,405,196 shares of the oil and gas producer’s stock worth $712,632,000 after purchasing an additional 848,549 shares in the last quarter. CIBC Asset Management Inc boosted its position in Suncor Energy by 4.8% during the second quarter. CIBC Asset Management Inc now owns 15,871,361 shares of the oil and gas producer’s stock worth $463,195,000 after purchasing an additional 725,934 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Suncor Energy by 7.4% during the second quarter. William Blair Investment Management LLC now owns 9,447,923 shares of the oil and gas producer’s stock worth $275,648,000 after purchasing an additional 653,754 shares in the last quarter. Hedge funds and other institutional investors own 63.85% of the company’s stock.

Suncor Energy Inc. (NYSE SU) traded up 0.194% during midday trading on Friday, hitting $33.625. The company had a trading volume of 461,074 shares. The stock’s 50-day moving average price is $33.98 and its 200-day moving average price is $31.70. The stock has a market cap of $55.80 billion, a PE ratio of 25.282 and a beta of 0.83. Suncor Energy Inc. has a 52-week low of $27.96 and a 52-week high of $35.18.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a return on equity of 4.52% and a net margin of 8.85%. On average, equities research analysts expect that Suncor Energy Inc. will post $1.08 EPS for the current fiscal year.

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A number of brokerages have issued reports on SU. Zacks Investment Research upgraded Suncor Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Citigroup Inc. reiterated a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Piper Jaffray Companies reduced their target price on Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Wolfe Research raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Finally, BidaskClub raised Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.94.

Suncor Energy Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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