Easterly Investment Partners LLC Has $9.38 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Easterly Investment Partners LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 254,114 shares of the oil and gas producer’s stock after buying an additional 7,835 shares during the period. Easterly Investment Partners LLC’s holdings in Suncor Energy were worth $9,382,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Eastern Bank bought a new stake in shares of Suncor Energy in the 3rd quarter valued at about $25,000. Trust Co. of Vermont bought a new position in Suncor Energy in the 2nd quarter valued at about $26,000. Summit Securities Group LLC bought a new position in Suncor Energy in the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. raised its holdings in Suncor Energy by 82.8% in the 2nd 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 period. Finally, Ridgewood Investments LLC bought a new position in Suncor Energy in the 2nd quarter valued at about $29,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on SU. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday. Scotiabank lowered their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Wolfe Research initiated coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 target price on the stock. Finally, TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy Trading Down 1.1 %

Shares of Suncor Energy stock traded down $0.45 during trading on Friday, hitting $39.15. The company’s stock had a trading volume of 397,479 shares, compared to its average volume of 4,204,096. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The stock has a market cap of $49.40 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The stock has a 50-day moving average price of $38.39 and a two-hundred day moving average price of $38.75.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.51. The company had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Suncor Energy had a net margin of 14.40% and a return on equity of 16.22%. Suncor Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities research analysts anticipate 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.