US Bancorp DE Has $3.29 Million Stake in Suncor Energy Inc. (NYSE:SU)

US Bancorp DE decreased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,111 shares of the oil and gas producer’s stock after selling 10,329 shares during the period. US Bancorp DE’s holdings in Suncor Energy were worth $3,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SU. Eastern Bank acquired a new position in shares of Suncor Energy during the third quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of Suncor Energy during the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of Suncor Energy during the second quarter valued at about $27,000. Richardson Financial Services Inc. raised its position in shares of 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 buying an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Suncor Energy during the second quarter valued at about $29,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $38.44 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $48.50 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 2.67 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The firm’s 50-day moving average price is $38.42 and its two-hundred day moving average price is $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 firm 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%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts predict that Suncor Energy Inc. will post 3.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SU shares. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Scotiabank lowered their target price on shares of 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. Finally, Wolfe Research assumed coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.