Courier Capital Corp Lowers stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Courier Capital Corp reduced its stake in Suncor Energy (USA) by 1.68% during the most recent quarter end. The investment management company now holds a total of 41,381 shares of Suncor Energy (USA) which is valued at $1,093,286 after selling 707 shares in Suncor Energy (USA) , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Suncor Energy (USA) makes up approximately 0.21% of Courier Capital Corp’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va reduced its stake in SU by selling 2,685 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 58,970 shares of SU which is valued at $1,626,982. Suncor Energy (USA) makes up approx 0.38% of Catawba Capital Management Va’s portfolio.

Suncor Energy (USA) opened for trading at $26.37 and hit $26.75 on the upside on Thursday, eventually ending the session at $26.63, with a gain of 0.79% or 0.21 points. The heightened volatility saw the trading volume jump to 23,92,960 shares. Company has a market cap of $44,322 M.

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.

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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