O Shaughnessy Asset Management LLC raised its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 123.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,601 shares of the oil and gas producer’s stock after acquiring an additional 176,013 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Suncor Energy were worth $12,200,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in SU. Bessemer Group Inc. purchased a new position in shares of Suncor Energy during the 2nd quarter valued at about $111,000. First Manhattan Co. raised its holdings in shares of Suncor Energy by 136.0% during the 2nd quarter. First Manhattan Co. now owns 4,000 shares of the oil and gas producer’s stock valued at $162,000 after buying an additional 2,305 shares in the last quarter. Hirtle Callaghan & Co LLC purchased a new position in shares of Suncor Energy during the 2nd quarter valued at about $163,000. Stratos Wealth Partners LTD. purchased a new position in shares of Suncor Energy during the 3rd quarter valued at about $187,000. Finally, Greenwich Investment Management Inc. purchased a new position in shares of Suncor Energy during the 2nd quarter valued at about $201,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Suncor Energy stock opened at $33.64 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.59 and a current ratio of 0.93. The company has a market capitalization of $56.87 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.50 and a beta of 0.98. Suncor Energy Inc. has a one year low of $31.33 and a one year high of $42.55.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.25. The business had revenue of $8.31 billion for the quarter, compared to analysts’ expectations of $9.29 billion. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. During the same period in the previous year, the firm earned $0.52 EPS. As a group, equities analysts expect that Suncor Energy Inc. will post 2.59 EPS for the current fiscal year.
A number of equities analysts recently weighed in on SU shares. Mizuho started coverage on Suncor Energy in a report on Monday, July 23rd. They set a “buy” rating on the stock. GARP Research raised Suncor Energy from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. AltaCorp Capital raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 17th. Macquarie raised Suncor Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 9th. Finally, ValuEngine cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.17.
WARNING: “Suncor Energy Inc. (SU) Holdings Increased by O Shaughnessy Asset Management LLC” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/11/10/suncor-energy-inc-su-holdings-increased-by-o-shaughnessy-asset-management-llc.html.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
See Also: Understanding Stock Ratings
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.