Suncor Energy Inc. (NYSE:SU) Shares Sold by Gold Investment Management Ltd.

Gold Investment Management Ltd. trimmed its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,396 shares of the oil and gas producer’s stock after selling 1,188 shares during the period. Suncor Energy makes up about 2.2% of Gold Investment Management Ltd.’s portfolio, making the stock its 10th biggest position. Gold Investment Management Ltd.’s holdings in Suncor Energy were worth $5,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Suncor Energy by 2,358.4% during the 1st quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock valued at $635,000 after acquiring an additional 16,509 shares during the period. Empowered Funds LLC acquired a new stake in Suncor Energy during the 1st quarter valued at approximately $2,940,000. Assenagon Asset Management S.A. lifted its stake in shares of Suncor Energy by 90.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after purchasing an additional 3,951,287 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Suncor Energy by 5.9% in the 1st 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 purchasing an additional 1,031,542 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Suncor Energy by 56.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock valued at $2,054,000 after purchasing an additional 20,101 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

Suncor Energy stock opened at $39.17 on Friday. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The stock has a market cap of $49.42 billion, a P/E ratio of 9.19, a PEG ratio of 2.78 and a beta of 1.12. The company has a 50-day moving average price of $38.39 and a 200 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 (NYSE:SU) (TSE:SU) last announced its earnings results 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. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. Suncor Energy’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

SU has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank decreased their target price on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price target for the company. Finally, StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.