Cardinal Capital Management 13F: Adds $216M to SU Stake

Cardinal Capital Management has boosted its stake in Suncor Energy Inc. (NYSE: SU) by 3,181,648 shares, now holding a total of 6,331,336 shares valued at approximately $430.4 million. This increase, reported in a filing on October 16, 2026, shows a 101.0% rise in their holdings.

What Changed in Cardinal Capital Management's Position

The fund's position in Suncor has sharply increased, reflecting a strong interest in the energy sector. The added shares now bring Cardinal's total to 6,331,336 shares. This filing highlights the fund's confidence in Suncor's operations and market position.

Other Institutional Activity in Suncor Energy

Other institutional investors have also been active. The Royal Bank of Canada increased its holdings by 2,510,216 shares, bringing its total to 66,546,344 shares worth about $5.19 billion. The Bank of Montreal added 6,109,429 shares, now holding 42,583,631 shares valued at approximately $3.32 billion. In contrast, Vanguard Capital Management slightly reduced its stake by 13,685 shares, with a total of 34,199,381 shares, while Elliott Investment Management cut its holdings by 23,217,674 shares, ending with 29,454,000 shares.

Suncor Energy Inc. Stock Up 2.6%

As of October 16, 2026, Suncor Energy's stock is trading at $77.58, which is above both its 50-day and 200-day moving averages by 13.9% and 25.8%, respectively. However, it remains about 2.6% below its 52-week high of $79.65. These figures suggest strong performance, particularly as it trades above its recent lows.

Recent Earnings

Suncor Energy recently reported significant earnings results, with trailing twelve-month revenue of approximately $56.57 billion and an EPS of $5.42. The company has shown impressive growth, achieving a year-over-year revenue growth of 45.9%. The next earnings report is expected on November 3, 2026.

Insider Buying and Selling at Suncor Energy Inc.

There are no recent insider trades to report for Suncor Energy at this time.

Analysts Set New Price Targets

As of now, there have been no new analyst ratings or price targets provided for Suncor Energy.

About Suncor Energy Inc.

Suncor Energy Inc. is a Canadian integrated energy company that operates in the oil sands, exploration, production, and refining sectors. It markets and supplies crude oil, power, and various byproducts, playing a key role in the energy market in Canada and beyond.

Bottom Line

Investors should keep an eye on Suncor as it prepares to announce its next earnings report on November 3, 2026. The recent changes in holdings by Cardinal Capital and other institutional investors reflect ongoing interest in the energy sector, which may influence market dynamics. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.