7,236 Shares in Suncor Energy Inc. (SU) Acquired by Regentatlantic Capital LLC
Regentatlantic Capital LLC acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,236 shares of the oil and gas producer’s stock, valued at approximately $253,000.
Several other hedge funds have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in Suncor Energy by 9.6% during the second quarter. Parametric Portfolio Associates LLC now owns 582,452 shares of the oil and gas producer’s stock valued at $17,008,000 after acquiring an additional 51,110 shares in the last quarter. Public Sector Pension investment Board grew its stake in Suncor Energy by 23.4% during the second quarter. Public Sector Pension investment Board now owns 3,306,510 shares of the oil and gas producer’s stock valued at $96,468,000 after acquiring an additional 627,900 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in Suncor Energy by 0.7% during the second quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after acquiring an additional 116 shares in the last quarter. Wharton Business Group LLC purchased a new position in Suncor Energy during the second quarter valued at $765,000. Finally, Manitou Investment Management Ltd. grew its stake in Suncor Energy by 1.9% during the second quarter. Manitou Investment Management Ltd. now owns 772,199 shares of the oil and gas producer’s stock valued at $22,547,000 after acquiring an additional 14,711 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.
SU has been the subject of several research analyst reports. Piper Jaffray Companies cut their target price on shares of Suncor Energy from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Zacks Investment Research raised shares of Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, July 4th. Barclays PLC reaffirmed an “overweight” rating and set a $52.00 target price (up from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. BidaskClub raised shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Suncor Energy currently has a consensus rating of “Buy” and an average price target of $43.94.
Suncor Energy Inc. (NYSE SU) traded down 0.1672% during trading on Tuesday, hitting $33.8034. 405,308 shares of the company were exchanged. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 26.9135 and a beta of 0.83. Suncor Energy Inc. has a 12 month low of $27.96 and a 12 month high of $35.18. The stock’s 50-day moving average is $34.07 and its 200-day moving average is $31.77.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.15. Suncor Energy had a net margin of 11.63% and a return on equity of 5.68%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.80 billion. Equities research analysts anticipate that Suncor Energy Inc. will post $1.14 earnings per share for the current year.
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About Suncor Energy
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.
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