Bank Of Nova Scotia Trust Co buys $18,371,740 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Bank Of Nova Scotia Trust Co scooped up 27,415 additional shares in Suncor Energy (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 653,566 shares of Suncor Energy (USA) which is valued at $18,371,740.Suncor Energy (USA) makes up approximately 2.32% of Bank Of Nova Scotia Trust Co’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SU in the latest quarter, The investment management firm added 3,498,101 additional shares and now holds a total of 33,416,795 shares of Suncor Energy (USA) which is valued at $939,346,107. Suncor Energy (USA) makes up approx 0.06% of Vanguard Group Inc’s portfolio. Mn Services Vermogensbeheer B.v. sold out all of its stake in SU during the most recent quarter. The investment firm sold 39,527 shares of SU which is valued $1,051,023.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. Diversified Trust Co added SU to its portfolio by purchasing 65,460 company shares during the most recent quarter which is valued at $1,719,634. Suncor Energy (USA) makes up approx 0.23% of Diversified 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) closed down -0.29 points or -1.01% at $28.43 with 24,29,440 shares getting traded on Friday. Post opening the session at $28.51, the shares hit an intraday low of $28.335 and an intraday high of $28.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Many Wall Street Analysts have commented on Suncor Energy (USA). Suncor Energy (USA) was Initiated by BofA/Merrill to “Buy” on Aug 19, 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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