Which Institutions Are Selling Suncor Stock?

Suncor Is Trading at a Premium Despite Falling 30% in Q4 (Continued from Prior Part) ## Institutional holdings in Suncor Previously, we reviewed Suncor Energy’s (SU) dividend yield, which has surged to 3.9%. Let’s now look at which institutions bought or sold Suncor in the third quarter, based on recent filings. Higher institutional holdings suggest that market participants have a favorable opinion toward the stock. Suncor’s institutional holdings currently stand at ~74%. ## Changes in Suncor’s institutional holdings In the third quarter, Wellington Management, Fidelity Management & Research, and RBC Global Asset Management reduced their holdings in Suncor, while The Vanguard Group raised its holdings. These institutions are the top four holders of Suncor stock. Of the next six top holders, five (Fidelity Investments Canada, Capital Research Global Investors, Invesco Advisers, Dodge & Cox, and TD Asset Management) reduced their holdings. Therefore, eight of Suncor’s top ten institutional holders reduced their holdings in the third quarter. ## Peers’ institutional holdings Suncor’s institutional holdings are higher than those of peers—ExxonMobil’s (XOM), Chevron’s (CVX), Royal Dutch Shell’s (RDS.A), and BP’s (BP) are ~55%, ~67%, ~11%, and ~13%, respectively. Next, we’ll look at changes in Suncor’s short interest. Continue to Next Part Browse this series on Market Realist: * Part 1 - Why Suncor Is Trading at a Premium after Falling * Part 2 - What Prompted Suncor Stock to Fall 30% in the Fourth Quarter * Part 3 - What Do Suncor’s Moving Averages Suggest?