Polar Capital Llp buys $69,349,816 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Polar Capital Llp scooped up 823,425 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 2,467,087 shares of Suncor Energy (USA) which is valued at $69,349,816.Suncor Energy (USA) makes up approximately 1.27% of Polar Capital Llp’s portfolio.

Other Hedge Funds, Including , Capital World Investors boosted its stake in SU in the latest quarter, The investment management firm added 1,954,299 additional shares and now holds a total of 34,742,943 shares of Suncor Energy (USA) which is valued at $976,624,128. Suncor Energy (USA) makes up approx 0.25% of Capital World Investors’s portfolio.Blackrock Group Ltd boosted its stake in SU in the latest quarter, The investment management firm added 120,540 additional shares and now holds a total of 463,290 shares of Suncor Energy (USA) which is valued at $13,023,082. Suncor Energy (USA) makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Credit Agricole S A boosted its stake in SU in the latest quarter, The investment management firm added 80,657 additional shares and now holds a total of 1,378,656 shares of Suncor Energy (USA) which is valued at $38,754,020. Suncor Energy (USA) makes up approx 0.14% of Credit Agricole S A’s portfolio.Brown Advisory Inc boosted its stake in SU in the latest quarter, The investment management firm added 165,626 additional shares and now holds a total of 709,173 shares of Suncor Energy (USA) which is valued at $19,190,221. Suncor Energy (USA) makes up approx 0.06% of Brown Advisory Inc’s portfolio.Capital Fund Management S.a. boosted its stake in SU in the latest quarter, The investment management firm added 358,435 additional shares and now holds a total of 490,499 shares of Suncor Energy (USA) which is valued at $12,885,409. Suncor Energy (USA) makes up approx 0.22% of Capital Fund Management S.a.’s portfolio.

Suncor Energy (USA) opened for trading at $26.8 and hit $27.19 on the upside on Thursday, eventually ending the session at $26.93, with a gain of 0.16% or 0.0427 points. The heightened volatility saw the trading volume jump to 54,56,764 shares. Company has a market cap of $44,822 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.

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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