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

River Road Asset Management LLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 89.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 743,421 shares of the oil and gas producer’s stock after acquiring an additional 350,113 shares during the quarter. River Road Asset Management LLC’s holdings in Suncor Energy were worth $27,447,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Suncor Energy by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock valued at $1,890,768,000 after purchasing an additional 691,497 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Suncor Energy by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after purchasing an additional 1,209,073 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Suncor Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock valued at $878,131,000 after purchasing an additional 366,432 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Suncor Energy by 4.1% during the first quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock worth $817,835,000 after buying an additional 868,475 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Suncor Energy by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock worth $683,916,000 after acquiring an additional 1,031,542 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $38.41 on Tuesday. The stock’s fifty day moving average price is $38.47 and its two-hundred day moving average price is $38.75. The firm has a market cap of $48.46 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. 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 Inc. has a one year low of $29.45 and a one year high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, topping 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 business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $9.30 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. Suncor Energy’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SU. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. Finally, Scotiabank dropped their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

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.