180 Wealth Advisors LLC grew its holdings in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,456 shares of the oil and gas producer’s stock after buying an additional 1,189 shares during the period. 180 Wealth Advisors LLC’s holdings in Suncor Energy were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in SU. Sanctuary Advisors LLC raised its stake in Suncor Energy by 32.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after acquiring an additional 20,081 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Suncor Energy by 1,345.8% during the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after purchasing an additional 436,016 shares during the period. Aigen Investment Management LP bought a new stake in shares of Suncor Energy during the third quarter valued at about $1,376,000. DRW Securities LLC acquired a new stake in Suncor Energy in the third quarter worth about $1,151,000. Finally, Mediolanum International Funds Ltd grew its position in Suncor Energy by 22.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after buying an additional 46,155 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Trading Up 1.2 %
Suncor Energy stock opened at $39.86 on Wednesday. The firm has a market cap of $49.61 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $31.03 and a 1 year high of $41.94. The firm’s 50 day moving average price is $38.07 and its two-hundred day moving average price is $38.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59.
Suncor Energy Increases Dividend
Analysts Set New Price Targets
SU has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research note on Tuesday, January 7th. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.
Get Our Latest Stock Analysis on Suncor Energy
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.
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