Jones Collombin Investment Counsel Inc buys $15,008,775 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Jones Collombin Investment Counsel Inc scooped up 70,418 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 25, 2016. The investment management firm now holds a total of 511,024 shares of Suncor Energy (USA) which is valued at $15,008,775.Suncor Energy (USA) makes up approximately 4.14% of Jones Collombin Investment Counsel Inc’s portfolio.

Suncor Energy (USA) closed down -1 points or -3.40% at $28.37 with 50,30,168 shares getting traded on Monday. Post opening the session at $29.14, the shares hit an intraday low of $28.14 and an intraday high of $29.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in SU in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,960 shares of Suncor Energy (USA) which is valued at $57,565. Suncor Energy (USA) makes up approx 0.01% of Washington Trust Bank’s portfolio.Dividend Asset Capital boosted its stake in SU in the latest quarter, The investment management firm added 350,464 additional shares and now holds a total of 2,021,424 shares of Suncor Energy (USA) which is valued at $57,934,012. Suncor Energy (USA) makes up approx 1.61% of Dividend Asset Capital’s portfolio.Acadian Asset Management reduced its stake in SU by selling 87,800 shares or 62.54% in the most recent quarter. The Hedge Fund company now holds 52,600 shares of SU which is valued at $1,471,748. Suncor Energy (USA) makes up approx 0.01% of Acadian Asset Management’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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