Suncor Energy Inc. (NYSE: SU) (TSE: SU) disclosed in its most recent 13F filing with the Securities and Exchange Commission (SEC) that Check Capital Management Inc. (CA) reduced its investment in the company by 1.2% during the third quarter. This information was made public by Suncor Energy Inc. (SEC). The fund had a total holding of 1,932,390 shares of the company’s stock before selling 22,802 shares of the oil and gas producer’s stock during the quarter. Suncor Energy is currently ranked as Check Capital Management Inc.’s fifth-largest investment, and the company’s holdings in Suncor Energy account for approximately 2.9% of the total assets held by Check Capital Management Inc. When the most recent reporting period closed, Check Capital Management Inc. (CA) had a total value in Suncor Energy shares that amounted to $54,397,000 and represented 0.14% of the company’s stock. This value was reported as part of CA’s portfolio value.
Hedge funds and other types of institutional investors have been increasing the percentage of their holdings invested in the company over the past few months. The value of Vanguard Group Inc.’s holdings in Suncor Energy increased by 1.5% during the first three months of 2018. Vanguard Group Inc. now has 48,285,003 shares of the oil and gas producer’s stock, valued at $1,573,608,000 after the company purchased an additional 702,121 shares during the period in question. During the second quarter, FMR LLC was able to amass an 8.7% increase in the number of Suncor Energy shares it owned. After making an additional purchase of 3,271,032 shares during the most recent quarter, FMR LLC now has 40,991,768 of the oil and gas producer’s shares, collectively worth a total of $1,438,150,000. This brings the company’s total number of shares to 40,991,768. In the first three months of 2018, Arrowstreet Capital Limited Partnership made a 79.3 percentage point purchase of additional Suncor Energy stock, bringing its total holdings of that company’s shares to 1. Following purchasing an additional 7,438,559 shares during the most recent fiscal quarter, Arrowstreet Capital Limited Partnership now holds 16,823,815 shares of the oil and gas producer’s stock. The stock currently has a market value of $548,183,000. The Bank of Nova Scotia raised its stake in Suncor Energy by 9.7 percent during the second quarter, bringing it up to its current level of ownership. The Bank of Nova Scotia is the owner of 16,525,258 shares of the oil and gas producer’s stock. The total value of these shares comes to $579,760,000. This is a result of the fact that the company purchased an additional 1,466,520 shares during the most recent fiscal quarter. Last but certainly not least, during the first three months of this year, Capital International Investors increased the amount of Suncor Energy stock owned by an additional 20.2%. As a result of the purchase of an additional 2,027,620 shares during the most recent quarter, Capital International Investors now holds 12,075,966 shares of the oil and gas producer’s stock. The current market value of these shares is $393,146,000. Various institutional investors own 58.04 percent of the company’s shares.
During trading on Tuesday, SU reached $32.68, a gain of $0.24 compared to the previous trading day. The total number of shares traded in the company’s stock was 57,640, a significant drop from the stock’s average volume of 3,602,142 shares. Although the debt-to-equity ratio, the current ratio, and the quick ratio all add up to 0.35, the current ratio is only 1.26, and the quick ratio is only 0.91. Suncor Energy Inc. has seen its share price range from a one-year low of $25.27 to a one-year high of $42.72 during that time. The price-to-earnings ratio for the stock is 7.44; the price-to-earnings growth ratio is 0.56; and the beta value is 1.25