Crossmark Global Holdings Inc. Sells 36,311 Shares of Suncor Energy Inc. (NYSE:SU)

Crossmark Global Holdings Inc. trimmed its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 335,074 shares of the oil and gas producer’s stock after selling 36,311 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Suncor Energy were worth $12,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Suncor Energy by 2,358.4% during the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after buying an additional 16,509 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Suncor Energy during the first quarter worth $2,940,000. Assenagon Asset Management S.A. lifted its holdings in shares of Suncor Energy by 90.9% during the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after purchasing an additional 3,951,287 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Suncor Energy by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock worth $683,916,000 after purchasing an additional 1,031,542 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Suncor Energy by 56.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,636 shares of the oil and gas producer’s stock worth $2,054,000 after purchasing an additional 20,101 shares during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SU. Wolfe Research began coverage on shares of Suncor Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $68.00 price target on the stock. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.83.

Suncor Energy Trading Down 1.1 %

SU stock traded down $0.44 during midday trading on Friday, hitting $39.16. The stock had a trading volume of 2,316,667 shares, compared to its average volume of 2,509,635. The firm has a market cap of $49.41 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The business has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $38.76.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.