Kornitzer Capital Management Inc. KS Has $2.46 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Kornitzer Capital Management Inc. KS increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 18.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,790 shares of the oil and gas producer’s stock after buying an additional 12,390 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Suncor Energy were worth $2,457,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Suncor Energy by 38.9% in the 2nd quarter. Invesco Ltd. now owns 45,009,227 shares of the oil and gas producer’s stock worth $1,402,487,000 after purchasing an additional 12,616,590 shares during the period. Beutel Goodman & Co Ltd. lifted its position in shares of Suncor Energy by 205.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 13,042,524 shares of the oil and gas producer’s stock worth $26,012,000 after purchasing an additional 8,773,910 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Suncor Energy by 330.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,664,157 shares of the oil and gas producer’s stock worth $83,125,000 after purchasing an additional 2,045,647 shares during the period. National Pension Service acquired a new position in shares of Suncor Energy in the 2nd quarter worth approximately $78,789,000. Finally, Sanders Capital LLC lifted its position in shares of Suncor Energy by 6.8% in the 2nd quarter. Sanders Capital LLC now owns 26,178,616 shares of the oil and gas producer’s stock worth $860,790,000 after purchasing an additional 1,662,000 shares during the period. Institutional investors and hedge funds own 64.98% of the company’s stock.

A number of research analysts have recently issued reports on SU shares. Deutsche Bank restated a “buy” rating and issued a $86.00 price target on shares of Suncor Energy in a research report on Friday, October 25th. Citigroup dropped their price target on shares of Suncor Energy from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. restated a “buy” rating on shares of Suncor Energy in a research report on Tuesday, October 22nd. CIBC set a $53.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Suncor Energy in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $57.15.

Shares of NYSE:SU traded up $0.10 during mid-day trading on Friday, hitting $32.30. The company had a trading volume of 3,534,435 shares, compared to its average volume of 3,288,013. The firm has a fifty day moving average price of $30.64 and a 200 day moving average price of $30.68. The company has a market capitalization of $48.73 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.59. Suncor Energy Inc. has a one year low of $25.81 and a one year high of $34.87.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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

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