Cidel Asset Management Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,210,985 shares of the oil and gas producer’s stock after selling 295,983 shares during the period. Suncor Energy accounts for about 5.1% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Cidel Asset Management Inc. owned about 0.19% of Suncor Energy worth $112,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services grew its holdings in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock valued at $112,000 after purchasing an additional 2,270 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Suncor Energy by 90.8% in the second quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock valued at $124,000 after purchasing an additional 2,248 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Suncor Energy by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 562 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Suncor Energy by 680.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock valued at $167,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Suncor Energy by 50.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock valued at $186,000 after purchasing an additional 2,138 shares in the last quarter. Hedge funds and other institutional investors own 63.94% of the company’s stock.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.80 billion.

A number of research analysts recently weighed in on SU shares. Barclays PLC reissued an “overweight” rating and issued a $52.00 target price (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Suncor Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. AltaCorp Capital lowered shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $43.94.

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Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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

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