Addenda Capital buys $40,407,282 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Addenda Capital scooped up 234,580 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 1,437,470 shares of Suncor Energy (USA) which is valued at $40,407,282.Suncor Energy (USA) makes up approximately 3.17% of Addenda Capital’s portfolio.

Other Hedge Funds, Including , Bank Of Nova Scotia Trust Co boosted its stake in SU in the latest quarter, The investment management firm added 27,415 additional shares and now holds a total of 653,566 shares of Suncor Energy (USA) which is valued at $18,371,740. Suncor Energy (USA) makes up approx 2.32% of Bank Of Nova Scotia Trust Co’s portfolio.Cable Hill Partners reduced its stake in SU by selling 475 shares or 69.04% in the most recent quarter. The Hedge Fund company now holds 213 shares of SU which is valued at $5,664.Shell Asset Management Co boosted its stake in SU in the latest quarter, The investment management firm added 12,728 additional shares and now holds a total of 233,488 shares of Suncor Energy (USA) which is valued at $6,133,730. Suncor Energy (USA) makes up approx 0.14% of Shell Asset Management Co’s portfolio.Arcadia Investment Management Corpmi boosted its stake in SU in the latest quarter, The investment management firm added 2,730 additional shares and now holds a total of 113,817 shares of Suncor Energy (USA) which is valued at $3,180,047. Suncor Energy (USA) makes up approx 1.00% of Arcadia Investment Management Corpmi’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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