Janney Montgomery Scott LLC Acquires 5,247 Shares of Suncor Energy Inc. (NYSE:SU)

Janney Montgomery Scott LLC lifted its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.9% in the third quarter, Holdings Channel reports. The fund owned 64,084 shares of the oil and gas producer’s stock after purchasing an additional 5,247 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Suncor Energy were worth $2,366,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SU. BNP Paribas Financial Markets increased its position in Suncor Energy by 2,358.4% during the first 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 last quarter. Assenagon Asset Management S.A. grew its holdings in Suncor Energy by 90.9% during 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 last quarter. Price T Rowe Associates Inc. MD raised its position in 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 worth $683,916,000 after purchasing an additional 1,031,542 shares during the period. Mediolanum International Funds Ltd lifted its stake in Suncor Energy by 22.5% in the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock worth $9,245,000 after purchasing an additional 46,155 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Suncor Energy during the second quarter valued at approximately $2,448,000. Institutional investors own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SU shares. Wolfe Research assumed coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price objective for the company. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.40.

Suncor Energy Stock Performance

NYSE:SU opened at $38.13 on Wednesday. The company has a 50 day moving average price of $38.30 and a 200 day moving average price of $38.74. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The stock has a market capitalization of $48.11 billion, a P/E ratio of 8.85, a PEG ratio of 2.78 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46.

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.