Suncor Energy (USA) (SU) : Gagnon Advisors added new position in Suncor Energy (USA) during the most recent quarter end. The investment management firm now holds 127,364 shares of Suncor Energy (USA) which is valued at $3,580,202 , the company said in a statement filed on Aug 10, 2016 with the SEC.Suncor Energy (USA) makes up approximately 2.84% of Gagnon Advisors’s portfolio.
Other Hedge Funds, Including , Focused Wealth Management Inc reduced its stake in SU by selling 173 shares or 43.69% in the most recent quarter. The Hedge Fund company now holds 223 shares of SU which is valued at $6,269.Timber Hill boosted its stake in SU in the latest quarter, The investment management firm added 35,996 additional shares and now holds a total of 81,973 shares of Suncor Energy (USA) which is valued at $2,179,662. Suncor Energy (USA) makes up approx 0.17% of Timber Hill’s portfolio.Cambridge Investment Research Advisors boosted its stake in SU in the latest quarter, The investment management firm added 213 additional shares and now holds a total of 11,973 shares of Suncor Energy (USA) which is valued at $318,362. Suncor Energy (USA) makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio. Newsquare Capital sold out all of its stake in SU during the most recent quarter. The investment firm sold 23 shares of SU which is valued $604.
Suncor Energy (USA) closed down -0.29 points or -1.01% at $28.43 with 24,29,440 shares getting traded on Friday. Post opening the session at $28.51, the shares hit an intraday low of $28.335 and an intraday high of $28.61 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.
Investors should note that on Jul 27, 2016, Suncor Energy (USA) announced a cash dividend of $0.2900. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 26, 2016.
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.