Suncor Energy Inc. (SU) Shares Sold by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. reduced its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,783 shares of the oil and gas producer’s stock after selling 4,452 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Suncor Energy were worth $4,783,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of SU. First Personal Financial Services grew its position in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after purchasing an additional 2,270 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after purchasing an additional 2,248 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 562 shares during the last quarter. Forward Management LLC acquired a new stake in shares of Suncor Energy in the third quarter valued at about $154,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Suncor Energy by 680.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock valued at $167,000 after purchasing an additional 5,000 shares during the last quarter. 63.80% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on SU shares. Canaccord Genuity reissued a “buy” rating and set a $51.00 target price on shares of Suncor Energy in a research report on Thursday, October 26th. Zacks Investment Research downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley lifted their target price on Suncor Energy from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Wolfe Research raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Finally, AltaCorp Capital downgraded Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.86.
Shares of Suncor Energy Inc. (SU) opened at $36.30 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91. The firm has a market capitalization of $60,269.93, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85. Suncor Energy Inc. has a 1-year low of $27.96 and a 1-year high of $36.71.
Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. equities research analysts predict that Suncor Energy Inc. will post 1.28 EPS for the current fiscal year.
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Suncor Energy 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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