17,976 Shares in Suncor Energy Inc. (NYSE:SU) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,976 shares of the oil and gas producer’s stock, valued at approximately $664,000.

Other hedge funds have also made changes to their positions in the company. Fiera Capital Corp grew its position in Suncor Energy by 11.6% in the third quarter. Fiera Capital Corp now owns 1,550,252 shares of the oil and gas producer’s stock worth $57,295,000 after buying an additional 161,306 shares during the last quarter. Easterly Investment Partners LLC boosted its position in Suncor Energy by 3.2% during the third quarter. Easterly Investment Partners LLC now owns 254,114 shares of the oil and gas producer’s stock valued at $9,382,000 after purchasing an additional 7,835 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Suncor Energy by 23.0% in the 3rd quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock valued at $256,429,000 after buying an additional 1,296,142 shares in the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of Suncor Energy by 6.5% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 113,557 shares of the oil and gas producer’s stock worth $4,191,000 after purchasing an additional 6,971 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in Suncor Energy by 89.0% during the third quarter. River Road Asset Management LLC now owns 743,421 shares of the oil and gas producer’s stock valued at $27,447,000 after buying an additional 350,113 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Wolfe Research assumed coverage on Suncor Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price for the company. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.40.

Suncor Energy Trading Down 0.8 %

Shares of SU stock opened at $38.83 on Tuesday. The company has a market capitalization of $48.99 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The firm has a 50 day moving average price of $38.34 and a two-hundred day moving average price of $38.75.

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.