Suncor Energy (USA) (SU) : Mawer Investment Management Ltd. scooped up 116,191 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 15, 2016. The investment management firm now holds a total of 3,281,383 shares of Suncor Energy (USA) which is valued at $92,239,676.Suncor Energy (USA) makes up approximately 1.32% of Mawer Investment Management Ltd.’s portfolio.
Other Hedge Funds, Including , Etrade Capital Management reduced its stake in SU by selling 1,543 shares or 7.81% in the most recent quarter. The Hedge Fund company now holds 18,203 shares of SU which is valued at $511,686. Suncor Energy (USA) makes up approx 0.03% of Etrade Capital Management’s portfolio. Findlay Park Partners Llp sold out all of its stake in SU during the most recent quarter. The investment firm sold 2,550,000 shares of SU which is valued $71,680,500.Sit Investment Associates Inc reduced its stake in SU by selling 492,850 shares or 39.96% in the most recent quarter. The Hedge Fund company now holds 740,500 shares of SU which is valued at $19,926,855. Suncor Energy (USA) makes up approx 0.51% of Sit Investment Associates Inc’s portfolio.Hills Bank Trust Co reduced its stake in SU by selling 150 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 7,750 shares of SU which is valued at $213,823. Suncor Energy (USA) makes up approx 0.08% of Hills Bank Trust Co’s portfolio.
Suncor Energy (USA) closed down -0.16 points or -0.58% at $27.36 with 4,072,306 shares getting traded on Wednesday. Post opening the session at $27.59, the shares hit an intraday low of $27.27 and an intraday high of $27.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
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.