Thomas Story Son Exits Position in Suncor Energy (USA) (SU)

Suncor Energy (USA) (SU) : Thomas Story Son has sold out all of its stake in Suncor Energy (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 124,209 shares of Suncor Energy (USA) which is valued at $3,472,884.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in SU in the latest quarter, The investment management firm added 23,946 additional shares and now holds a total of 413,188 shares of Suncor Energy (USA) which is valued at $11,552,736. Suncor Energy (USA) makes up approx 0.10% of Bnp Paribas Investment Partners S.a.’s portfolio.Courier Capital Corp reduced its stake in SU by selling 707 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 41,381 shares of SU which is valued at $1,093,286. Suncor Energy (USA) makes up approx 0.21% of Courier Capital Corp’s portfolio.Dorchester Wealth Management Co boosted its stake in SU in the latest quarter, The investment management firm added 16,966 additional shares and now holds a total of 385,647 shares of Suncor Energy (USA) which is valued at $10,559,015. Suncor Energy (USA) makes up approx 3.82% of Dorchester Wealth Management Co’s portfolio.Checchi Capital Advisers boosted its stake in SU in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 6,801 shares of Suncor Energy (USA) which is valued at $186,211. Suncor Energy (USA) makes up approx 0.05% of Checchi Capital Advisers’s portfolio.

Suncor Energy (USA) opened for trading at $28.24 and hit $28.53 on the upside on Monday, eventually ending the session at $28.35, with a gain of 0.85% or 0.24 points. The heightened volatility saw the trading volume jump to 26,84,222 shares. Company has a market cap of $47,185 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 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.

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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