Bridgewater Associates Lp Decreased Stake in Suncor Energy Inc New (NYSE:SU) by $12.27 Million as Shares Declined

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Ray Dalio decreased its stake in Suncor Energy Inc New (NYSE:SU) by 55.54% based on its latest Q3 2015 regulatory filing with the SEC. Bridgewater Associates Lp sold 472,000 shares as the company’s stock declined 2.48% with the market. The hedge fund run by Ray Dalio held 377,800 shares of the integrated oil company at the end of Q3, valued at $10.06M, down from 849,800 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Suncor Energy Inc New since many months, could be less bullish the $37.02B market cap company. The stock decreased 2.10% or $0.55 on December 11, hitting $25.63. About 3.83M shares traded hands or 0.26% up from the average. Suncor Energy Inc. (USA) (NYSE:SU) has declined 15.72% since May 11, 2015 and is downtrending. It has underperformed by 11.31% the S&P500.

Bridgewater Associates Lp, which manages about $7.47B US Long portfolio, upped its stake in Centurylink Inc (NYSE:CTL) by 651,463 shares to 1.34M shares, valued at $33.59M in Q3, according to the filing. It also increased its holding in Kohls Corp (NYSE:KSS) by 431,500 shares in the quarter, for total 511,367 shares, and risen its stake in Quest Diagnostics Inc (NYSE:DGX).

Bridgewater Associates Lp is a Connecticut-based hedge fund that was founded by Ray Dalio. It had more than $197.00 billion assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Bridgewater Associates Lp is the 19th largest hedge fund in our database. Taken from Bridgewater Associates latest Adv, the fund reported to have 1274 full and part-time employees. Among which 375 performing investment advisory and research functions. The hedge fund had more than 114 clients.

Get a free copy of the Zacks research report on Suncor Energy Inc. (USA) (SU).

Out of 9 analysts covering Suncor Energy Inc. (NYSE:SU), 6 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Suncor Energy Inc. was the topic in 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

More notable recent Suncor Energy Inc. (USA) (NYSE:SU) news were published by: which released: “Suncor Energy Inc.: The Year in Review for 2015” on December 10, 2015, also with their article: “Suncor Energy Inc. Should Target Penn West Petroleum Ltd.” published on November 30, 2015, published: “Who Should Buy Suncor Energy Inc. for $40 Per Share?” on November 10, 2015. More interesting news about Suncor Energy Inc. (USA) (NYSE:SU) were released by: and their article: “3 Reasons Why Suncor Energy Inc. Thinks Canadian Oil Sands Ltd. Investors …” published on December 02, 2015 as well as‘s news article titled: “Should Income Investors Buy Suncor Energy Inc.?” with publication date: November 20, 2015.

Suncor Energy Inc. is an integrated energy company. The company has a market cap of $37.02 billion. The Firm is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. It has 536.42 P/E ratio. The Firm operates in three business divisions: Oil Sands, Exploration and Production, and Refining and Marketing.

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