Dorchester Wealth Management Co buys $10,566,397 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Dorchester Wealth Management Co scooped up 1,286 additional shares in Suncor Energy (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 368,681 shares of Suncor Energy (USA) which is valued at $10,566,397.Suncor Energy (USA) makes up approximately 3.87% of Dorchester Wealth Management Co’s portfolio.

Suncor Energy (USA) opened for trading at $28.46 and hit $28.87 on the upside on Friday, eventually ending the session at $28.66, with a gain of 1.16% or 0.33 points. The heightened volatility saw the trading volume jump to 40,39,523 shares. Company has a market cap of $44,279 M.

Other Hedge Funds, Including , Horizon Kinetics boosted its stake in SU in the latest quarter, The investment management firm added 40,445 additional shares and now holds a total of 69,464 shares of Suncor Energy (USA) which is valued at $1,943,603. Suncor Energy (USA) makes up approx 0.05% of Horizon Kinetics’s portfolio.1st Global Advisors boosted its stake in SU in the latest quarter, The investment management firm added 3,018 additional shares and now holds a total of 16,259 shares of Suncor Energy (USA) which is valued at $454,927. Suncor Energy (USA) makes up approx 0.06% of 1st Global Advisors’s portfolio.Greylin Investment Mangement Inc boosted its stake in SU in the latest quarter, The investment management firm added 765 additional shares and now holds a total of 97,895 shares of Suncor Energy (USA) which is valued at $2,701,902. Suncor Energy (USA) makes up approx 0.64% of Greylin Investment Mangement Inc’s portfolio.

On the company’s financial health, Suncor Energy (USA) reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.13.Analysts expectations of $ 7885.07.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Suncor Energy (USA). Suncor Energy (USA) was Downgraded by Citigroup to ” Neutral” on Apr 20, 2016. Suncor Energy (USA) was Resumed by JP Morgan to “Neutral” on Mar 22, 2016. Suncor Energy (USA) was Upgraded by Citigroup to ” Buy” on Feb 12, 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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