Suncor Energy (USA) (SU) : Gagnon Advisors scooped up 32,044 additional shares in Suncor Energy (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 159,408 shares of Suncor Energy (USA) which is valued at $4,673,843.Suncor Energy (USA) makes up approximately 3.66% of Gagnon Advisors’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in SU by selling 195,098 shares or 13.64% in the most recent quarter. The Hedge Fund company now holds 1,235,385 shares of SU which is valued at $36,221,488. Suncor Energy (USA) makes up approx 0.05% of Allianz Asset Management Ag’s portfolio.Smith Asset Management Group Lp boosted its stake in SU in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,879 shares of Suncor Energy (USA) which is valued at $55,769.Td Asset Management Inc reduced its stake in SU by selling 648,669 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 44,161,477 shares of SU which is valued at $1,310,712,637. Suncor Energy (USA) makes up approx 2.35% of Td Asset Management Inc’s portfolio.Dowling Yahnke reduced its stake in SU by selling 268 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 10,295 shares of SU which is valued at $301,746. Suncor Energy (USA) makes up approx 0.04% of Dowling Yahnke’s portfolio.
Suncor Energy (USA) opened for trading at $30.54 and hit $31.26 on the upside on Monday, eventually ending the session at $30.94, with a gain of 1.31% or 0.4 points. The heightened volatility saw the trading volume jump to 42,69,608 shares. Company has a market cap of $51,514 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.
Investors should note that on Nov 14, 2016, Suncor Energy (USA) announced a cash dividend of $0.2900. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 23, 2016.
Many Wall Street Analysts have commented on Suncor Energy (USA). Suncor Energy (USA) was Upgraded by Morgan Stanley to ” Overweight” on Nov 2, 2016. Suncor Energy (USA) was Upgraded by Macquarie to ” Outperform” on Oct 27, 2016. 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.