Centenus Global Management LP Purchases Shares of 98,500 Suncor Energy Inc. (SU)
Centenus Global Management LP purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 98,500 shares of the oil and gas producer’s stock, valued at approximately $3,617,000.
A number of other hedge funds have also added to or reduced their stakes in SU. SeaCrest Wealth Management LLC purchased a new position in Suncor Energy during the 4th quarter worth $100,000. Cerebellum GP LLC purchased a new position in Suncor Energy during the 4th quarter worth $134,000. UBS Asset Management Americas Inc. raised its position 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 worth $136,000 after buying an additional 562 shares during the last quarter. Forward Management LLC purchased a new position in Suncor Energy during the 3rd quarter worth $154,000. Finally, Icon Wealth Partners LLC purchased a new position in Suncor Energy during the 4th quarter worth $181,000. Hedge funds and other institutional investors own 63.83% of the company’s stock.
Suncor Energy Inc. (NYSE:SU) opened at $31.70 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.64 and a current ratio of 1.00. Suncor Energy Inc. has a 12 month low of $27.96 and a 12 month high of $38.39. The firm has a market cap of $52,060.00, a price-to-earnings ratio of 15.24, a PEG ratio of 1.94 and a beta of 0.87.
A number of equities analysts have commented on SU shares. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Edward Jones upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. AltaCorp Capital restated a “hold” rating and set a $51.00 price objective on shares of Suncor Energy in a research report on Monday, January 15th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $47.00 price objective on shares of Suncor Energy in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.00.
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About Suncor Energy
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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