Dixon Hubard Feinour & Brown Inc. VA Buys Shares of 6,930 Suncor Energy Inc. (SU)

Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the third quarter, HoldingsChannel reports. The institutional investor bought 6,930 shares of the oil and gas producer’s stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gagnon Advisors LLC boosted its holdings in Suncor Energy by 1.6% in the 2nd quarter. Gagnon Advisors LLC now owns 146,195 shares of the oil and gas producer’s stock worth $5,947,000 after acquiring an additional 2,350 shares during the period. OppenheimerFunds Inc. boosted its holdings in Suncor Energy by 4.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 15,531,280 shares of the oil and gas producer’s stock worth $631,812,000 after acquiring an additional 730,174 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Suncor Energy by 4.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 14,071,571 shares of the oil and gas producer’s stock worth $574,449,000 after acquiring an additional 601,708 shares during the period. Hexavest Inc. purchased a new position in Suncor Energy in the 3rd quarter worth approximately $5,005,000. Finally, Sanders Capital LLC purchased a new position in Suncor Energy in the 2nd quarter worth approximately $525,087,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Raymond James restated a “buy” rating on shares of Suncor Energy in a report on Friday, November 2nd. Zacks Investment Research cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, July 20th. AltaCorp Capital upgraded Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 17th. GARP Research upgraded Suncor Energy from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Finally, Mizuho assumed coverage on Suncor Energy in a report on Monday, July 23rd. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $49.17.

Suncor Energy stock opened at $33.64 on Friday. The company has a market cap of $56.87 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.59. Suncor Energy Inc. has a 52 week low of $31.33 and a 52 week high of $42.55.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. Suncor Energy had a return on equity of 11.11% and a net margin of 12.66%. The company had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the prior year, the business posted $0.52 EPS. As a group, analysts forecast that Suncor Energy Inc. will post 2.59 earnings per share for the current year.

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Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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