Lingohr & Partner Asset Management GmbH Takes $1.34 Million Position in Suncor Energy Inc. (SU)

Lingohr & Partner Asset Management GmbH bought a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,700 shares of the oil and gas producer’s stock, valued at approximately $1,342,000.

A number of other institutional investors have also made changes to their positions in SU. First Personal Financial Services raised its stake in Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after acquiring an additional 2,270 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Suncor Energy by 90.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after acquiring an additional 2,248 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Suncor Energy by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after acquiring an additional 562 shares in the last quarter. Forward Management LLC bought a new stake in shares of Suncor Energy in the 3rd quarter worth $154,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Suncor Energy by 680.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares in the last quarter. 64.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research raised Suncor Energy from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, October 11th. Morgan Stanley boosted their price objective on Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and issued a $51.00 price objective on shares of Suncor Energy in a research note on Monday, October 16th. Wolfe Research raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Finally, BidaskClub raised Suncor Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.86.

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Shares of Suncor Energy Inc. (NYSE SU) traded up $0.29 during midday trading on Friday, hitting $36.42. The company had a trading volume of 3,287,200 shares, compared to its average volume of 3,812,130. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market cap of $60,269.93, a PE ratio of 31.40, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85. Suncor Energy Inc. has a twelve month low of $27.96 and a twelve month high of $36.48.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.15. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.80 billion. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. sell-side analysts expect that Suncor Energy Inc. will post 1.28 EPS for the current year.

Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based 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.

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

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