Easterly Investment Partners LLC Has $9.38 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Easterly Investment Partners LLC raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,114 shares of the oil and gas producer’s stock after purchasing an additional 7,835 shares during the quarter. Easterly Investment Partners LLC’s holdings in Suncor Energy were worth $9,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of Suncor Energy in the 1st quarter worth approximately $399,000. BNP Paribas Financial Markets boosted its holdings in shares of Suncor Energy by 2,358.4% in the 1st quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after acquiring an additional 16,509 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Suncor Energy by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,892 shares of the oil and gas producer’s stock worth $2,248,000 after acquiring an additional 1,166 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Suncor Energy by 112.4% in the 1st quarter. Duality Advisers LP now owns 31,515 shares of the oil and gas producer’s stock worth $1,163,000 after acquiring an additional 16,680 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Suncor Energy by 56.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock worth $2,054,000 after acquiring an additional 20,101 shares in the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Wolfe Research started coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Scotiabank dropped their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy Trading Down 1.1 %

Shares of Suncor Energy stock traded down $0.45 on Friday, hitting $39.15. 397,479 shares of the company’s stock traded hands, compared to its average volume of 4,204,096. The firm’s 50-day moving average price is $38.39 and its two-hundred day moving average price is $38.75. The stock has a market capitalization of $49.40 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.51. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.