Hara Capital LLC Trims Position in Suncor Energy Inc. (NYSE:SU)

Hara Capital LLC lowered its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 40.6% in the third quarter, HoldingsChannel reports. The firm owned 5,200 shares of the oil and gas producer’s stock after selling 3,555 shares during the period. Hara Capital LLC’s holdings in Suncor Energy were worth $192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Suncor Energy by 1.4% in the first 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 buying an additional 691,497 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock valued at $956,850,000 after buying an additional 1,209,073 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Suncor Energy by 1.6% in the 2nd 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 buying an additional 366,432 shares during the period. 1832 Asset Management L.P. increased its stake in shares of 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 period. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Scotiabank lowered 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. Wolfe Research started coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective on the stock. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of $55.83.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up $0.01 during trading on Thursday, reaching $39.22. The company’s stock had a trading volume of 319,180 shares, compared to its average volume of 4,212,351. The firm has a market cap of $49.49 billion, a PE ratio of 9.10, a P/E/G ratio of 2.71 and a beta of 1.12. The company has a 50-day moving average price of $38.39 and a two-hundred day moving average price of $38.75. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, analysts forecast that Suncor Energy Inc. will post 3.53 EPS for the current year.

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.