As Suncor Energy INC New (SU) Stock Value Declined, Letko Brosseau & Associates INC Has Trimmed by $5.88 Million Its Stake

Suncor Energy Inc. (NYSE:SU) Logo

Letko Brosseau & Associates Inc decreased its stake in Suncor Energy Inc New (SU) by 1.39% based on its latest 2019Q1 regulatory filing with the SEC. Letko Brosseau & Associates Inc sold 183,816 shares as the company’s stock declined 11.77% . The institutional investor held 13.08 million shares of the integrated oil company at the end of 2019Q1, valued at $424.13M, down from 13.27M at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Suncor Energy Inc New for a number of months, seems to be less bullish one the $44.62B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $28.61. About 3.58 million shares traded or 10.58% up from the average. Suncor Energy Inc. (NYSE:SU) has declined 32.10% since August 13, 2018 and is downtrending. It has underperformed by 32.10% the S&P500.

Letko Brosseau & Associates Inc, which manages about $24.00 billion and $10.03 billion US Long portfolio, upped its stake in Encana Corp (NYSE:ECA) by 11.43M shares to 34.57 million shares, valued at $250.49M in 2019Q1, according to the filing. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 154,717 shares in the quarter, for a total of 14.84 million shares, and has risen its stake in Manulife Finl Corp (NYSE:MFC).

Analysts await Suncor Energy Inc. (NYSE:SU) to report earnings on October, 30. They expect $0.61 earnings per share, down 16.44 % or $0.12 from last year’s $0.73 per share. SU’s profit will be $951.44M for 11.73 P/E if the $0.61 EPS becomes a reality. After $0.60 actual earnings per share reported by Suncor Energy Inc. for the previous quarter, Wall Street now forecasts 1.67 % EPS growth.

More notable recent Suncor Energy Inc. (NYSE:SU) news were published by: Fool.ca which released: “Warren Buffett Doesn’t Invest in Canadian IPOs: Here’s Why – The Motley Fool Canada” on August 01, 2019, also Fool.ca with their article: “TFSA Investors: Build a “Mini Pension” With These 3 High-Yield Dividend Stocks – The Motley Fool Canada” published on August 05, 2019, Benzinga.com published: “AMD CEO Lisa Su Denies Report She Could Be Leaving For IBM: ‘Zero Truth To This Rumor’ – Benzinga” on August 06, 2019. More interesting news about Suncor Energy Inc. (NYSE:SU) were released by: Seekingalpha.com and their article: “Suncor Energy: Results Showing Surprising Stability – Seeking Alpha” published on August 01, 2019 as well as Globenewswire.com‘s news article titled: “Suncor Energy releases 2019 Report on Sustainability NYSE:SU – GlobeNewswire” with publication date: July 18, 2019.

Suncor Energy Inc. (NYSE:SU) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.