River Road Asset Management LLC Has $27.45 Million Position in Suncor Energy Inc. (NYSE:SU)

River Road Asset Management LLC increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 89.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 743,421 shares of the oil and gas producer’s stock after purchasing an additional 350,113 shares during the period. River Road Asset Management LLC owned approximately 0.06% of Suncor Energy worth $27,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Suncor Energy during the third quarter worth approximately $25,000. Trust Co. of Vermont bought a new stake in Suncor Energy in the 2nd quarter valued at $26,000. Summit Securities Group LLC bought a new stake in Suncor Energy in the 2nd quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in shares of Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Suncor Energy during the 2nd quarter worth about $29,000. Institutional investors own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SU shares. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Scotiabank lowered their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Wolfe Research assumed coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.83.

Suncor Energy Stock Up 0.6 %

Shares of NYSE SU opened at $38.41 on Tuesday. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46. The business has a fifty day moving average of $38.47 and a two-hundred day moving average of $38.75. The stock has a market cap of $48.46 billion, a PE ratio of 8.86, a PEG ratio of 2.67 and a beta of 1.12.

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. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. As a group, equities research analysts expect that Suncor Energy Inc. will post 3.53 earnings per share for the current fiscal year.

Suncor Energy Company 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.