Cumberland Partners Ltd Lowers stake in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Cumberland Partners Ltd reduced its stake in Suncor Energy (USA) by 5.55% during the most recent quarter end. The investment management company now holds a total of 1,347,473 shares of Suncor Energy (USA) which is valued at $35,398,116 after selling 79,172 shares in Suncor Energy (USA) , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Suncor Energy (USA) makes up approximately 4.84% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp reduced its stake in SU by selling 4,576 shares or 72.01% in the most recent quarter. The Hedge Fund company now holds 1,779 shares of SU which is valued at $46,734.Shell Asset Management Co boosted its stake in SU in the latest quarter, The investment management firm added 12,728 additional shares and now holds a total of 233,488 shares of Suncor Energy (USA) which is valued at $6,133,730. Suncor Energy (USA) makes up approx 0.14% of Shell Asset Management Co’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in SU during the most recent quarter. The investment firm sold 504 shares of SU which is valued $13,800. Laurel Wealth Advisors added SU to its portfolio by purchasing 9,103 company shares during the most recent quarter which is valued at $253,428. Suncor Energy (USA) makes up approx 0.12% of Laurel Wealth Advisors’s portfolio.

Suncor Energy (USA) opened for trading at $26.5 and hit $26.985 on the upside on Friday, eventually ending the session at $26.91, with a gain of 0.75% or 0.2 points. The heightened volatility saw the trading volume jump to 33,48,242 shares. Company has a market cap of $42,574 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.

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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