Cardinal Capital Management buys $44,282,666 stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Cardinal Capital Management scooped up 55,550 additional shares in Suncor Energy (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 1,590,613 shares of Suncor Energy (USA) which is valued at $44,282,666.Suncor Energy (USA) makes up approximately 5.02% of Cardinal Capital Management’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in SU by selling 14,777 shares or 39.48% in the most recent quarter. The Hedge Fund company now holds 22,648 shares of SU which is valued at $630,520. Beacon Financial Group sold out all of its stake in SU during the most recent quarter. The investment firm sold 18,571 shares of SU which is valued $517,017.

Suncor Energy (USA) closed down -0.11 points or -0.40% at $27.57 with 24,79,635 shares getting traded on Tuesday. Post opening the session at $27.62, the shares hit an intraday low of $27.3 and an intraday high of $27.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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