Suncor Energy (NYSE:SU) Getting Favorable Press Coverage, Report Shows

Nikko Asset Management Americas Inc acquired 363,900 shares as Suncor Energy Inc (SU)'s stock declined 0.40%. (NYSE:SU) (TSE:SU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Zacks Investment Research downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, April 12th. (The) upgraded Suncor Energy from a buy rating to a conviction-buy rating and raised their target price for the stock from $25.00 to $34.00 in a research note on Wednesday, April 5th. Canaccord Genuity reissued a buy rating and issued a $52.00 price objective on shares of Suncor Energy in a research report on Saturday, March 11th. It has outperformed by 5.73% the S&P500.The move comes after 9 months positive chart setup for the $49.20B company.

11/18/2016 - Suncor Energy Inc. had its "outperform" rating reiterated by analysts at BMO Capital Markets. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. The company now has a consensus rating of "Buy" and a consensus price target of $42.10.

Suncor Energy (NYSE SU) traded down 0.34% during trading on Monday, hitting $29.61. Wellington Management Group LLP now owns 62,617,740 shares of the oil and gas producer's stock worth $1,922,960,000 after buying an additional 3,103,397 shares during the last quarter. Suncor Energy has a 52-week low of $25.70 and a 52-week high of $33.79. The company has a 50 day moving average of $41.07 and a 200-day moving average of $41.76. Suncor Energy earned a daily sentiment score of 0.19 on Accern's scale. "MA" was posted by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another publication, it was stolen and reposted in violation of global trademark and copyright legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/07/14/suncor-energy-inc-su-shares-sold-by-baldwin-brothers-inc-ma.html.

Suncor Energy declared that its board has initiated a share repurchase program on Wednesday, April 26th that permits the company to repurchase $2.00 billion in shares. In addition, it explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally.

The stock shows a Short Ratio of 2.98 with the total number of Shares Short (Previous Month) of 8.02 Million.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 5th were given a $0.2371 dividend. This represents a $1.28 annualized dividend and a yield of 3.43%. The ex-dividend date was Thursday, June 1st.

Suncor Energy Inc. had its " rating reiterated by analysts at Barclays. The institutional investor owned 30,320 shares of the oil and gas producer's stock after selling 21,776 shares during the period. BlackRock Inc. boosted its stake in shares of Suncor Energy by 11,547,276.0% in the first quarter. Dodge & Cox bought a new stake in Suncor Energy during the fourth quarter worth $681,400,000. MA's holdings in Suncor Energy were worth $685,000 at the end of the most recent quarter. FMR LLC now owns 105,191,127 shares of the oil and gas producer's stock worth $3,229,653,000 after buying an additional 3,492,013 shares in the last quarter.

Institutional investors have recently added to or reduced their stakes in the stock.

Nikko Asset Management Americas Inc increased Suncor Energy Inc (SU) stake by 1089.52% reported in 2016Q4 SEC filing.