Great West Life Assurance Co Can buys $274,238,358 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Great West Life Assurance Co Can scooped up 829,245 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 3, 2016. The investment management firm now holds a total of 10,379,953 shares of Suncor Energy (USA) which is valued at $274,238,358.Suncor Energy (USA) makes up approximately 0.80% of Great West Life Assurance Co Can’s portfolio.

Other Hedge Funds, Including , Newsquare Capital sold out all of its stake in SU during the most recent quarter. The investment firm sold 23 shares of SU which is valued $604.Creative Planning reduced its stake in SU by selling 4,827 shares or 40.27% in the most recent quarter. The Hedge Fund company now holds 7,160 shares of SU which is valued at $202,127.Perkins Coie Trust Co reduced its stake in SU by selling 197 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 29,919 shares of SU which is valued at $832,945. Suncor Energy (USA) makes up approx 0.54% of Perkins Coie Trust Co’s portfolio.

Suncor Energy (USA) opened for trading at $26.71 and hit $27.3 on the upside on Monday, eventually ending the session at $27.06, with a gain of 1.77% or 0.47 points. The heightened volatility saw the trading volume jump to 31,60,060 shares. Company has a market cap of $45,038 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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