Burgundy Asset Management LTD Cut Suncor Energy (SU) Stake; Stonegate Mortgage (SGM)’s Sentiment Is 0.71

May 29, 2017 - By Louis Casey

Burgundy Asset Management Ltd decreased Suncor Energy Inc. (SU) stake by 23.39% reported in 2016Q4 SEC filing. Burgundy Asset Management Ltd sold 1.75 million shares as Suncor Energy Inc. (SU)’s stock declined 0.40%. The Burgundy Asset Management Ltd holds 5.71M shares with $186.85 million value, down from 7.46M last quarter. Suncor Energy Inc. now has $53.44B valuation. The stock increased 1.09% or $0.34 on May 26, reaching $31.63. About 1.69 million shares traded. Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since May 29, 2016 and is uptrending. It has outperformed by 5.73% the S&P500.

Stonegate Mortgage Corporation is a non-bank mortgage company. The company has market cap of $206.83 million. The Firm is focused on originating, financing and servicing the United States residential mortgage loans. It has a 6.92 P/E ratio. The Company’s divisions include Originations, Servicing, Financing and Other.

Among 13 analysts covering Suncor Energy Inc. (NYSE:SU), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Suncor Energy Inc. had 20 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Friday, October 30 by National Bank Canada. The rating was maintained by Citigroup with “Neutral” on Wednesday, September 16. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, November 2 report. On Thursday, June 23 the stock rating was upgraded by Citigroup to “Buy”. The rating was initiated by Wells Fargo on Friday, December 16 with “Outperform”. Citigroup downgraded the stock to “Neutral” rating in Wednesday, April 20 report. The firm earned “Outperform” rating on Thursday, October 27 by Macquarie Research. The rating was initiated by JP Morgan with “Neutral” on Tuesday, March 22. The firm earned “Buy” rating on Friday, August 19 by Bank of America. TD Securities downgraded the shares of SU in report on Wednesday, November 18 to “Hold” rating.

Analysts await Suncor Energy Inc. (USA) (NYSE:SU) to report earnings on July, 26. They expect $0.22 earnings per share, up 178.57% or $0.50 from last year’s $-0.28 per share. SU’s profit will be $371.70 million for 35.94 P/E if the $0.22 EPS becomes a reality. After $0.37 actual earnings per share reported by Suncor Energy Inc. (USA) for the previous quarter, Wall Street now forecasts -40.54% negative EPS growth.

Burgundy Asset Management Ltd increased Autozone Inc. (NYSE:AZO) stake by 28,311 shares to 295,482 valued at $233.37 million in 2016Q4. It also upped Computer Programs And Systems Inc. (NASDAQ:CPSI) stake by 72,840 shares and now owns 1.22 million shares. Autonation Inc. (NYSE:AN) was raised too.

It closed at $8 lastly. It is down 100.76% since May 29, 2016 and is uptrending. It has outperformed by 84.06% the S&P500.