Fiera Capital Corp Acquires 161,306 Shares of Suncor Energy Inc. (NYSE:SU)

Fiera Capital Corp raised its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,550,252 shares of the oil and gas producer’s stock after purchasing an additional 161,306 shares during the quarter. Fiera Capital Corp’s holdings in Suncor Energy were worth $57,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Norden Group LLC bought a new stake in Suncor Energy during the first quarter worth approximately $399,000. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 16,509 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Suncor Energy by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,892 shares of the oil and gas producer’s stock valued at $2,248,000 after buying an additional 1,166 shares during the period. Duality Advisers LP lifted its position in Suncor Energy by 112.4% in the first quarter. Duality Advisers LP now owns 31,515 shares of the oil and gas producer’s stock worth $1,163,000 after buying an additional 16,680 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Suncor Energy by 56.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock worth $2,054,000 after buying an additional 20,101 shares during the period. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Down 1.4 %

NYSE:SU traded down $0.54 during midday trading on Friday, hitting $39.06. The stock had a trading volume of 509,872 shares, compared to its average volume of 4,204,614. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $38.39 and a 200 day moving average of $38.75. The company has a market capitalization of $49.28 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 2.78 and a beta of 1.12. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 EPS for the quarter, beating the consensus estimate of $0.76 by $0.51. Suncor Energy had a return on equity of 16.22% and a net margin of 14.40%. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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. Scotiabank decreased their price objective 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 Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wolfe Research initiated coverage on Suncor Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.83.

About Suncor Energy

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.