Suncor Energy Inc. $SU Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,526 shares of the oil and gas producer’s stock after purchasing an additional 17,460 shares during the period. Quantinno Capital Management LP’s holdings in Suncor Energy were worth $8,431,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Suncor Energy by 54.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Suncor Energy in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new position in shares of Suncor Energy in the 4th quarter valued at $32,000. Accent Capital Management LLC increased its stake in Suncor Energy by 37.5% in the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Suncor Energy during the 4th quarter worth about $39,000. 67.37% of the stock is currently owned by institutional investors.

Key Stories Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Q2 earnings beat estimates: Suncor reported earnings of C$2.33 per share, above the C$2.14 consensus estimate and substantially higher than the prior-year result. Revenue also surpassed expectations, signaling stronger operating performance. Suncor Energy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Higher oil realizations and refining margins supported profitability: Reuters reported that the earnings beat was driven by improved crude price realizations and stronger refining margins, benefiting both Suncor’s upstream and downstream operations. Suncor Beats Quarterly Profit Estimates
• Positive Sentiment: Quarterly dividend maintained: Suncor’s board approved a C$0.60-per-share dividend payable September 25 to shareholders of record September 4. The payout supports the stock’s income appeal and indicates continued confidence in cash generation. Suncor Energy Declares Dividend
• Neutral Sentiment: Momentum remains favorable: Zacks characterized Suncor as a strong momentum stock, suggesting recent price and earnings trends may continue to attract momentum-oriented investors. Why Suncor Energy Is a Strong Momentum Stock
• Negative Sentiment: Environmental litigation risk resurfaced: A revived Clean Air Act lawsuit and related legal filings involving Suncor could create costs, reputational pressure, or future regulatory liabilities, although the potential financial impact was not specified. Suncor Energy Faces Revived Clean Air Act Suit

Analyst Ratings Changes

A number of brokerages have recently weighed in on SU. Desjardins upgraded Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Weiss Ratings raised Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $71.67.

Suncor Energy Stock Performance

Shares of SU opened at $64.49 on Wednesday. The company has a market capitalization of $76.15 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.49 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a one year low of $37.76 and a one year high of $70.29. The company’s fifty day moving average price is $60.57 and its 200 day moving average price is $60.40.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter in the previous year, the business posted $1.31 EPS. As a group, analysts expect that Suncor Energy Inc. will post 7.11 earnings per share for the current year.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.