Economy

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 Inc.by 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 https://www.truebluetribune.com/2017/10/18/suncor-energy-inc-su-stock-rating-reaffirmed-by-canaccord-genuity.html.

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.

TRADEMARK VIOLATION NOTICE: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of USA & global copyright and trademark laws.

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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