Suncor Energy Inc (NYSE:SU).
Omers Administration Corp decreased its investment in Suncor Energy Inc stock by 1.8% as of the end of the last quarter. Its stake was worth $142,954,000 an increase of $21,544,000 according to the filing.
The following firms have recently changed their position in SU. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS reduced its holdings by selling 7,357 shares a decrease of 12.4%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 52,134 shares worth $1,826,000. The total value of its holdings increased 5.1%. Raymond James & Associates grew its position by buying 24,868 shares an increase of 4.4% from 06/30/2017 to 09/30/2017. Raymond James & Associates claims 594,677 shares valued at $20,855,000. The value of the position overall is up by 25.3%.
As of quarter end Agf Investments Inc. had sold 207,375 shares trimming its holdings by 7.8%. The value of the investment in Suncor Energy Inc went from $78,025,000 to $86,272,000 increasing 10.6% quarter over quarter.
October 26 investment analysts at Canaccord Genuity made no change to the company rating of “Buy” projecting a price of $51.00.
On October 16 Canaccord Genuity left the company rating at “Buy” with a current price target of $51.00. Morgan Stanley raised the price target on October 13 boosting the projection from $48.00 to $52.00 with a “Overweight” recommendation.
On August 2, 2017 Citigroup reiterated a “Buy” rating on the stock.
The company is down since yesterday’s close of 35.77. The company currently has a P/E ratio of 21.01 and the market cap of the company is 59.12B. As of the last earnings report the EPS was $1.70 with 1.66B shares outstanding.
Investors are a little more bearish on Suncor Energy Inc of late as implied by the motion in short interest. The firm realized a rise in short interest of 0.73% as of October 13, 2017 from the last reporting period. Short interest increased from 8,340,130 to 8,401,329 over that period. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.01% as of October 13.