Gagnon Securities adds Suncor Energy (USA) (SU) to its portfolio

Suncor Energy (USA) (SU) : Gagnon Securities added new position in Suncor Energy (USA) during the most recent quarter end. The investment management firm now holds 193,871 shares of Suncor Energy (USA) which is valued at $5,449,714 , the company said in a statement filed on Aug 10, 2016 with the SEC.Suncor Energy (USA) makes up approximately 2.41% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in SU in the latest quarter, The investment management firm added 5,814 additional shares and now holds a total of 67,432 shares of Suncor Energy (USA) which is valued at $1,895,514. Suncor Energy (USA) makes up approx 0.17% of Reliance Trust Co Of Delaware’s portfolio.Mufg Americas Holdings Corp boosted its stake in SU in the latest quarter, The investment management firm added 13,169 additional shares and now holds a total of 64,742 shares of Suncor Energy (USA) which is valued at $1,810,186. Suncor Energy (USA) makes up approx 0.06% of Mufg Americas Holdings Corp’s portfolio.Chemung Canal Trust Co reduced its stake in SU by selling 300 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 8,633 shares of SU which is valued at $232,314. Suncor Energy (USA) makes up approx 0.05% of Chemung Canal Trust Co’s portfolio.Corbyn Investment Management Incmd reduced its stake in SU by selling 1,701 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 288,755 shares of SU which is valued at $8,067,815. Suncor Energy (USA) makes up approx 2.52% of Corbyn Investment Management Incmd’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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