Suncor Energy (USA) (SU) : Counsel Portfolio Services added new position in Suncor Energy (USA) during the most recent quarter end. The investment management firm now holds 333,907 shares of Suncor Energy (USA) which is valued at $9,386,126 , the company said in a statement filed on Aug 12, 2016 with the SEC.Suncor Energy (USA) makes up approximately 0.90% of Counsel Portfolio Services’s portfolio.
Other Hedge Funds, Including , Thornburg Investment Management Inc reduced its stake in SU by selling 675,000 shares or 9.93% in the most recent quarter. The Hedge Fund company now holds 6,123,011 shares of SU which is valued at $172,117,839. Suncor Energy (USA) makes up approx 1.26% of Thornburg Investment Management Inc’s portfolio. Quantitative Investment Management added SU to its portfolio by purchasing 48,800 company shares during the most recent quarter which is valued at $1,289,296. Suncor Energy (USA) makes up approx 0.06% of Quantitative Investment Management’s portfolio.Cibc World Markets boosted its stake in SU in the latest quarter, The investment management firm added 1,332,859 additional shares and now holds a total of 24,904,413 shares of Suncor Energy (USA) which is valued at $681,882,828. Suncor Energy (USA) makes up approx 2.94% of Cibc World Markets’s portfolio.Cwm reduced its stake in SU by selling 329 shares or 26.86% in the most recent quarter. The Hedge Fund company now holds 896 shares of SU which is valued at $24,532.
Suncor Energy (USA) closed down -0.32 points or -1.14% at $27.76 with 41,94,849 shares getting traded on Monday. Post opening the session at $28.18, the shares hit an intraday low of $27.6839 and an intraday high of $28.18 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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.