Hara Capital LLC Sells 3,555 Shares of Suncor Energy Inc. (NYSE:SU)

Hara Capital LLC decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 40.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Suncor Energy in the 2nd quarter worth approximately $26,000. Eastern Bank purchased a new position in Suncor Energy during the third quarter worth $25,000. Summit Securities Group LLC purchased a new position in Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. increased its position in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Suncor Energy in the second quarter valued at $29,000. 67.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SU shares. Wolfe Research assumed coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target for the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Scotiabank cut their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.83.

Suncor Energy Stock Performance

Shares of NYSE:SU traded up $0.01 during midday 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 capitalization 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 stock has a fifty day moving average of $38.39 and a 200 day moving average of $38.75. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. 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 (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share 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 company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $9.30 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Suncor Energy Inc. will post 3.53 EPS for the current fiscal year.

Suncor Energy Company 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.