Zurcher Kantonalbank (zurich Cantonalbank) Lowers stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in Suncor Energy (USA) by 22.06% during the most recent quarter end. The investment management company now holds a total of 1,505,828 shares of Suncor Energy (USA) which is valued at $39,783,976 after selling 426,312 shares in Suncor Energy (USA) , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Suncor Energy (USA) makes up approximately 0.51% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

Other Hedge Funds, Including , Btc Capital Management boosted its stake in SU in the latest quarter, The investment management firm added 833 additional shares and now holds a total of 9,313 shares of Suncor Energy (USA) which is valued at $246,049. Suncor Energy (USA) makes up approx 0.05% of Btc Capital Management’s portfolio.Quadrant Capital Group boosted its stake in SU in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 1,810 shares of Suncor Energy (USA) which is valued at $48,707. Suncor Energy (USA) makes up approx 0.03% of Quadrant Capital Group’s portfolio. Simplex Trading added SU to its portfolio by purchasing 29,791 company shares during the most recent quarter which is valued at $821,934. Suncor Energy (USA) makes up approx 0.10% of Simplex Trading’s portfolio.Hills Bank Trust Co reduced its stake in SU by selling 150 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 7,750 shares of SU which is valued at $213,823. Suncor Energy (USA) makes up approx 0.08% of Hills Bank Trust Co’s portfolio.Ferguson Wellman Capital Management Inc boosted its stake in SU in the latest quarter, The investment management firm added 4,725 additional shares and now holds a total of 289,427 shares of Suncor Energy (USA) which is valued at $8,086,590. Suncor Energy (USA) makes up approx 0.33% of Ferguson Wellman Capital Management Inc’s portfolio.

Suncor Energy (USA) opened for trading at $26.37 and hit $26.75 on the upside on Thursday, eventually ending the session at $26.63, with a gain of 0.79% or 0.21 points. The heightened volatility saw the trading volume jump to 23,92,960 shares. Company has a market cap of $44,322 M.

On the company’s financial health, Suncor Energy (USA) reported $-0.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.28.Analysts expectations of $ 6459.12.During the same quarter in the previous year, the company posted $0.63 EPS.

Investors should note that on Jul 27, 2016, Suncor Energy (USA) announced a cash dividend of $0.2900. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 26, 2016.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin Athabasca oil sands. The Company operates in three business segments: Oil Sands Exploration and Production and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea and onshore assets in North America Libya and Syria. The Company’s Refining and Marketing segment is engaged in Refining and Supply and Downstream Marketing. In addition the Company explores for acquires develops produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil and markets petroleum and petrochemical products primarily in Canada.

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