Suncor Energy Inc. $SU Shares Purchased by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 196,527 shares of the oil and gas producer’s stock after buying an additional 6,859 shares during the period. Suncor Energy accounts for 3.9% of Greenfield Seitz Capital Management LLC’s portfolio, making the stock its 3rd largest position. Greenfield Seitz Capital Management LLC’s holdings in Suncor Energy were worth $13,338,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SU. Arrowstreet Capital Limited Partnership grew its position in Suncor Energy by 121.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 26,085,360 shares of the oil and gas producer’s stock worth $1,724,954,000 after acquiring an additional 14,304,131 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Suncor Energy in the second quarter valued at $816,551,000. The Manufacturers Life Insurance Company bought a new position in Suncor Energy in the second quarter valued at $790,952,000. Dimensional Fund Advisors LP increased its stake in Suncor Energy by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 12,609,777 shares of the oil and gas producer’s stock valued at $833,622,000 after acquiring an additional 411,243 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Suncor Energy by 2.1% during the second quarter. TD Waterhouse Canada Inc. now owns 11,657,514 shares of the oil and gas producer’s stock valued at $625,497,000 after purchasing an additional 239,208 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Trading Down 5.0%

Shares of SU opened at $75.42 on Tuesday. The firm has a market cap of $88.21 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.26 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.65. Suncor Energy Inc. has a fifty-two week low of $38.72 and a fifty-two week high of $80.25. The firm has a 50 day moving average price of $71.20 and a 200-day moving average price of $63.41.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a net margin of 15.62% and a return on equity of 20.05%. The company had revenue of $13.41 billion during the quarter, compared to analysts’ expectations of $11.68 billion. During the same quarter in the prior year, the company earned $0.71 EPS. As a group, equities research analysts forecast that Suncor Energy Inc. will post 8.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SU. Morgan Stanley set a $106.00 price target on Suncor Energy in a research report on Wednesday, August 19th. Wall Street Zen upgraded Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Zacks Research upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Weiss Ratings raised Suncor Energy from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of $79.62.

About Suncor Energy

Suncor Energy Inc is an integrated energy company headquartered in Calgary, Alberta, Canada. Its operations span the energy value chain, including the development, production, upgrading, refining, and marketing of crude oil and petroleum products.

The company is one of Canada’s major oil sands producers, with interests in mining and in situ oil sands projects. Suncor produces bitumen and synthetic crude oil and also has conventional oil and offshore production interests. Its upstream portfolio includes operated and non-operated assets in Canada.

Through its downstream operations, Suncor refines crude oil into gasoline, diesel, jet fuel, asphalt, and other petroleum products.