Suncor Energy (USA) (SU) : Zurcher Kantonalbank (zurich Cantonalbank) scooped up 65,109 additional shares in Suncor Energy (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,932,140 shares of Suncor Energy (USA) which is valued at $50.9 Million.Suncor Energy (USA) makes up approximately 0.66% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.
Other Hedge Funds, Including , Loomis Sayles Co L P sold out all of its stake in SU during the most recent quarter. The investment firm sold 4,708 shares of SU which is valued $124,103. Thornburg Investment Management Inc added SU to its portfolio by purchasing 6,798,011 company shares during the most recent quarter which is valued at $179.2 Million. Suncor Energy (USA) makes up approx 1.21% of Thornburg Investment Management Inc’s portfolio.Guyasuta Investment Advisors Inc reduced its stake in SU by selling 1,000 shares or 10.84% in the most recent quarter. The Hedge Fund company now holds 8,228 shares of SU which is valued at $216,890. Suncor Energy (USA) makes up approx 0.03% of Guyasuta Investment Advisors Inc’s portfolio.Focused Wealth Management Inc reduced its stake in SU by selling 835 shares or 67.83% in the most recent quarter. The Hedge Fund company now holds 396 shares of SU which is valued at $10,439. Suncor Energy (USA) makes up approx 0.01% of Focused Wealth Management Inc’s portfolio. Kassirer Asset Management Corp added SU to its portfolio by purchasing 9,464 company shares during the most recent quarter which is valued at $248,430. Suncor Energy (USA) makes up approx 0.30% of Kassirer Asset Management Corp’s portfolio.
Suncor Energy (USA) opened for trading at $27.12 and hit $27.56 on the upside on Wednesday, eventually ending the session at $27.43, with a gain of 1.97% or 0.53 points. The heightened volatility saw the trading volume jump to 44,19,403 shares. Company has a market cap of $43,396 M.
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.
Investors should note that on Apr 27, 2016, Suncor Energy (USA) announced a cash dividend of $0.2900. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 24, 2016.
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 Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin Athabasca oil sands. The Company operates in three business segments: Oil Sands Exploration and Production and Refining and Marketing. The Companys 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 Companys 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.