Fairbanks Capital Management Lowers stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Fairbanks Capital Management reduced its stake in Suncor Energy (USA) by 6.05% during the most recent quarter end. The investment management company now holds a total of 178,461 shares of Suncor Energy (USA) which is valued at $5,073,646 after selling 11,495 shares in Suncor Energy (USA) , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Suncor Energy (USA) makes up approximately 5.80% of Fairbanks Capital Management’s portfolio.

Other Hedge Funds, Including , Cwm reduced its stake in SU by selling 329 shares or 26.86% in the most recent quarter. The Hedge Fund company now holds 896 shares of SU which is valued at $25,473.Banced Corp reduced its stake in SU by selling 602 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 7,618 shares of SU which is valued at $215,209. Suncor Energy (USA) makes up approx 0.43% of Banced Corp’s portfolio.Legal General Group Plc boosted its stake in SU in the latest quarter, The investment management firm added 59,559 additional shares and now holds a total of 7,374,500 shares of Suncor Energy (USA) which is valued at $208,329,625. Suncor Energy (USA) makes up approx 0.21% of Legal General Group Plc’s portfolio.Advisory Services Network boosted its stake in SU in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 8,412 shares of Suncor Energy (USA) which is valued at $233,517. Suncor Energy (USA) makes up approx 0.04% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SU in the latest quarter, The investment management firm added 329 additional shares and now holds a total of 21,972 shares of Suncor Energy (USA) which is valued at $611,700.

Suncor Energy (USA) closed down -0.04 points or -0.14% at $28.43 with 37,80,391 shares getting traded on Friday. Post opening the session at $28.71, the shares hit an intraday low of $28.43 and an intraday high of $28.93 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.

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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