BlackRock Advisors LLC Has $318,060,000 Position in Suncor Energy Inc. (SU)

BlackRock Advisors LLC Has $318,060,000 Position in Suncor Energy  Inc. (SU)

BlackRock Advisors LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 28.8% during the third quarter, Holdings Channel reports. The fund owned 11,449,234 shares of the company’s stock after buying an additional 2,559,604 shares during the period. BlackRock Advisors LLC owned about 0.69% of Suncor Energy worth $318,060,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SU. BlackRock Japan Co. Ltd acquired a new stake in Suncor Energy during the second quarter worth $108,000. Bronfman E.L. Rothschild L.P. boosted its stake in Suncor Energy by 69.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,404 shares of the company’s stock worth $122,000 after buying an additional 1,800 shares in the last quarter. MSI Financial Services Inc boosted its stake in Suncor Energy by 3.2% in the third quarter. MSI Financial Services Inc now owns 4,504 shares of the company’s stock worth $125,000 after buying an additional 139 shares in the last quarter. FTB Advisors Inc. boosted its stake in Suncor Energy by 6.6% in the third quarter. FTB Advisors Inc. now owns 4,698 shares of the company’s stock worth $136,000 after buying an additional 291 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in Suncor Energy by 10.5% in the third quarter. Trust Co. of Vermont now owns 5,244 shares of the company’s stock worth $146,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Shares of Suncor Energy Inc. (NYSE:SU) opened at 31.27 on Friday. Suncor Energy Inc. has a 52-week low of $20.35 and a 52-week high of $33.79. The firm’s market capitalization is $52.06 billion. The stock’s 50 day moving average is $32.32 and its 200-day moving average is $29.56.

A number of analysts have weighed in on the company. Nomura restated a “buy” rating and issued a $45.00 price target on shares of Suncor Energy in a research note on Monday, November 7th. Zacks Investment Research raised Suncor Energy from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Suncor Energy in a report on Monday, November 21st. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, December 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $50.00 price objective (up previously from $48.00) on shares of Suncor Energy in a report on Monday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Suncor Energy presently has an average rating of “Buy” and an average target price of $40.82.

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.

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE:SU).

Related posts

Leave a Comment