Entropy Technologies LP Purchases Shares of 67,096 Suncor Energy Inc. (NYSE:SU)

Entropy Technologies LP acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 67,096 shares of the oil and gas producer’s stock, valued at approximately $2,477,000.

A number of other large investors have also made changes to their positions in SU. BNP Paribas Financial Markets lifted its position in Suncor Energy by 2,358.4% in the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after purchasing an additional 16,509 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Suncor Energy by 90.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after acquiring an additional 3,951,287 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Suncor Energy by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock valued at $683,916,000 after acquiring an additional 1,031,542 shares during the period. Mediolanum International Funds Ltd raised its position in Suncor Energy by 22.5% in the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after purchasing an additional 46,155 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Suncor Energy during the second quarter worth about $2,448,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.8 %

Shares of NYSE:SU opened at $38.13 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The firm has a market cap of $48.11 billion, a P/E ratio of 8.85, a P/E/G ratio of 2.75 and a beta of 1.12. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94. The company’s 50-day moving average price is $38.30 and its two-hundred day moving average price is $38.74.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SU. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Wolfe Research assumed coverage on shares of Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price for the company. 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.40.

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.