As Suncor Energy INC New (SU) Share Value Rose, Great West Life Assurance Company Raised Holding

July 13, 2018 - By Theresa Judd

Suncor Energy Inc. (NYSE:SU) Logo

Great West Life Assurance Company increased its stake in Suncor Energy Inc New (SU) by 1.19% based on its latest 2018Q1 regulatory filing with the SEC. Great West Life Assurance Company bought 158,767 shares as the company’s stock rose 12.56% while stock markets declined. The institutional investor held 13.47 million shares of the integrated oil company at the end of 2018Q1, valued at $464.45 million, up from 13.31M at the end of the previous reported quarter. Great West Life Assurance Company who had been investing in Suncor Energy Inc New for a number of months, seems to be bullish on the $69.24 billion market cap company. The stock increased 1.22% or $0.505 during the last trading session, reaching $41.925. About 2.48 million shares traded. Suncor Energy Inc. (NYSE:SU) has risen 25.18% since July 13, 2017 and is uptrending. It has outperformed by 12.61% the S&P500.

Great West Life Assurance Company, which manages about $41.34B US Long portfolio, decreased its stake in British Amern Tob Plc (NYSEMKT:BTI) by 98,197 shares to 133,284 shares, valued at $7.71M in 2018Q1, according to the filing. It also reduced its holding in Halliburton Co (NYSE:HAL) by 200,872 shares in the quarter, leaving it with 867,552 shares, and cut its stake in Lkq Corp (NASDAQ:LKQ).

More recent Suncor Energy Inc. (NYSE:SU) news were published by: Fool.ca which released: “Oil at $150 Per Barrel: Conjecture or Reality?” on July 13, 2018. Also Globenewswire.com published the news titled: “Suncor provides update on Syncrude recovery plan” on July 09, 2018. Seekingalpha.com‘s news article titled: “Suncor, Husky execs downplay Canada pipeline constraints” with publication date: July 10, 2018 was also an interesting one.

Suncor Energy Inc. (NYSE:SU) Ratings Coverage

Among 6 analysts covering Suncor Energy Inc (NYSE:SU), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Suncor Energy Inc had 9 analyst reports since January 23, 2018 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Sunday, April 22. Bank of America maintained it with “Buy” rating and $41 target in Thursday, April 5 report. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by TD Securities on Friday, February 9. The company was maintained on Monday, April 16 by Morgan Stanley. The firm has “Buy” rating by Piper Jaffray given on Tuesday, January 23. Piper Jaffray maintained the shares of SU in report on Friday, February 9 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Wednesday, May 23. The stock of Suncor Energy Inc. (NYSE:SU) has “Overweight” rating given on Friday, February 9 by JP Morgan.

Suncor Energy Inc. (NYSE:SU) Ratings Chart

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