Suncor Energy INC (SU) Holder Connor Clark & Lunn Investment Management LTD Upped Its Stake by $78.90 Million

April 20, 2018 - By Kurt Siggers

Suncor Energy Inc. (NYSE:SU) Logo

Connor Clark & Lunn Investment Management Ltd increased its stake in Suncor Energy Inc. (SU) by 24.89% based on its latest 2017Q4 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd bought 2.19 million shares as the company’s stock declined 2.02% with the market. The institutional investor held 11.00M shares of the integrated oil company at the end of 2017Q4, valued at $405.05 million, up from 8.81 million at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Suncor Energy Inc. for a number of months, seems to be bullish on the $60.48 billion market cap company. It closed at $38.37 lastly. It is down 13.82% since April 20, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Connor Clark & Lunn Investment Management Ltd, which manages about $26.75 billion and $17.13 billion US Long portfolio, decreased its stake in Cameco Corp. (NYSE:CCJ) by 513,900 shares to 2.05M shares, valued at $18.96M in 2017Q4, according to the filing. It also reduced its holding in Pepsico Inc. (NYSE:PEP) by 73,750 shares in the quarter, leaving it with 372,976 shares, and cut its stake in Canadian Imperial Bank Of Commerce (NYSE:CM).

Suncor Energy Inc. (NYSE:SU) Ratings Coverage

Among 7 analysts covering Suncor Energy Inc. Common Stock (NYSE:SU), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Suncor Energy Inc. Common Stock had 11 analyst reports since November 16, 2017 according to SRatingsIntel. The stock of Suncor Energy Inc. (NYSE:SU) has “Overweight” rating given on Monday, April 16 by Morgan Stanley. The firm earned “Overweight” rating on Friday, February 9 by JP Morgan. As per Thursday, April 5, the company rating was maintained by Bank of America. The stock of Suncor Energy Inc. (NYSE:SU) earned “Hold” rating by TD Securities on Thursday, November 16. The rating was maintained by Piper Jaffray with “Buy” on Friday, February 9. Piper Jaffray maintained Suncor Energy Inc. (NYSE:SU) rating on Thursday, January 11. Piper Jaffray has “Buy” rating and $44.0 target. The rating was maintained by Piper Jaffray on Tuesday, January 23 with “Buy”. The firm has “Buy” rating by Edward Jones given on Tuesday, November 21. The stock of Suncor Energy Inc. (NYSE:SU) has “Buy” rating given on Friday, February 9 by TD Securities.

Suncor Energy Inc. (NYSE:SU) Ratings Chart

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