Nexus Investment Management Inc. Modifies Its Ownership in Suncor Energy Inc. (SU)

Nexus Investment Management Inc. says it sold 1,964 shares in quarter ending 09/30/2017 decreasing its exposure to Suncor Energy 0.4%.

While looking at the Stock's Performance, Suncor Energy Inc. now shows a Weekly Performance of -2.71%, where Monthly Performance is -1.23%, Quarterly performance is 13.99%, 6 Months performance is 8.81% and yearly performance percentage is 18.48%. Capital International Investors purchased a new position in shares of Suncor Energy during the 2nd quarter valued at about $106,342,000.

A number of other brokerages have also recently commented on SU. Public Sector Pension investment Board boosted its position in Suncor Energy by 23.4% in the 2nd quarter. The value of the total investment in Suncor Energy Inc. increased from $880,000 to $1,080,000 a change of $200,000 since the last quarter. Finally, Wharton Business Group LLC purchased a new stake in Suncor Energy in the 2nd quarter valued at about $765,000. United Capital Financial Advisers LLC raised its stake in Suncor Energy by 16.0% during the first quarter. The dividend was $0.260 per share for the quarter which is $1.04 annualized. The original version of this report can be read at

SU has been the topic of a number of recent research reports. Wolfe Research raised shares of Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Monday. Finally, Barclays PLC reissued an overweight rating and issued a $52.00 target price (up from $47.00) on shares of Suncor Energy in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus target price of $43.94.

Suncor Energy Inc. (SU) is expected to post revenue of $8.74 Billion in the current quarter, according to consensus of 8 analysts. The new target price indicates a possible upside of 0.25% based on the company's last closing price. The company's 50-day moving average is $41.65 and its 200-day moving average is $40.81. Suncor Energy Inc. recently announced a dividend for shareholders which was paid on Monday September 25th, 2017. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.2552 per share. The ex-dividend date was set for Thursday the 31st of August 2017. This is a positive change from Suncor Energy 's previous quarterly dividend of $0.24.

Suncor Energy Inc. has a 52 week low of $36.09 and a 52 week high of $44.90 with a P/E ratio of 26.15 The company's market cap is now $0.

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Suncor Energy (NYSE:SU) opened at 33.63 on Friday. Relative Strength Index (RSI-14) for Suncor Energy Inc. The Company is focused on developing Canada's petroleum resource basin, Athabasca oil sands. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow.

SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta.

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