Suncor Energy
About: Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, and renewable fuels. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. The company's operating segments include Oil Sands, Exploration & Production, Refining & Marketing (R&M), and Corporate & eliminations. Geographically, the company generates a majority of its revenue from Canada.
Employees: 15,010
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
37% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 62
31% more funds holding in top 10
Funds holding in top 10: 16 [Q3] → 21 (+5) [Q4]
2% more funds holding
Funds holding: 628 [Q3] → 642 (+14) [Q4]
0.1% more ownership
Funds ownership: 66.99% [Q3] → 67.09% (+0.1%) [Q4]
4% less capital invested
Capital invested by funds: $31.6B [Q3] → $30.3B (-$1.23B) [Q4]
4% less repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 226
26% less call options, than puts
Call options by funds: $447M | Put options by funds: $605M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
RBC Capital Greg Pardy 43% 1-year accuracy 6 / 14 met price target | 82%upside $66 | Outperform Reiterated | 7 Jan 2025 |
Financial journalist opinion
Based on 6 articles about SU published over the past 30 days
