Suncor Energy Inc. (SU) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,753,474 shares of the oil and gas producer’s stock after selling 937,776 shares during the quarter. First Eagle Investment Management LLC owned about 0.41% of Suncor Energy worth $236,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC lifted its holdings in Suncor Energy by 9.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 582,452 shares of the oil and gas producer’s stock valued at $17,008,000 after acquiring an additional 51,110 shares during the last quarter. Public Sector Pension investment Board lifted its holdings in Suncor Energy by 23.4% in the 2nd quarter. Public Sector Pension investment Board now owns 3,306,510 shares of the oil and gas producer’s stock valued at $96,468,000 after acquiring an additional 627,900 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in Suncor Energy by 0.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 17,676 shares of the oil and gas producer’s stock valued at $516,000 after acquiring an additional 116 shares during the last quarter. Wharton Business Group LLC acquired a new stake in Suncor Energy in the 2nd quarter valued at about $765,000. Finally, Manitou Investment Management Ltd. lifted its holdings in Suncor Energy by 1.9% in the 2nd quarter. Manitou Investment Management Ltd. now owns 772,199 shares of the oil and gas producer’s stock valued at $22,547,000 after acquiring an additional 14,711 shares during the last quarter. 63.80% of the stock is owned by institutional investors.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Suncor Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a report on Wednesday, August 2nd. Wolfe Research upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. BidaskClub upgraded Suncor Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $51.00 price objective on shares of Suncor Energy in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $43.86.

Suncor Energy Inc. (NYSE:SU) opened at $36.30 on Tuesday. The firm has a market capitalization of $60,269.93, a PE ratio of 31.40, a PEG ratio of 3.34 and a beta of 0.85. Suncor Energy Inc. has a twelve month low of $27.96 and a twelve month high of $36.71. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, October 25th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion. Suncor Energy had a return on equity of 5.68% and a net margin of 11.63%. sell-side analysts forecast that Suncor Energy Inc. will post 1.28 earnings per share for the current fiscal year.

About Suncor Energy

Suncor Energy Inc is a Canada-based 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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