Can Suncor Energy Maintain This Momentum for Its Top Institutional Shareholders?

Suncor Energy (NYSE:SU): Earnings of $0.90 beat estimates by $0.15, a substantial margin over expectations. Strong performance from oil sands production averaged a record of 357,800 barrels per day, up from 305,700 a year earlier, as its steam-driven Firebag project increased its production levels. Total upstream production rose to 596,100 BOE per day from 562,300 in the same quarter last year. The company also hiked its quarterly dividend 54 percent, to $0.20.

These institutional firms indicated owning shares of Suncor Energy Inc. in Q1 2013. They reported owning a total of 241.514 million shares on 03/31/2013. The shares closed at $30.01 on 03/31/2013.

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Here are the ten largest positions in Suncor Energy Inc. at the end of March 31st, 2013.

Bank of New York Mellon Corp. held 35,648,927 shares on 03/31/2013 worth $1,069,824,307. This brought the portfolio total to 0.34%.

BMO Financial Corp. held 33,308,430 shares on 03/31/2013 worth $999,585,992. This brought the portfolio total to 1.76%.

CIBC World Markets Inc. held 23,398,695 shares on 03/31/2013 worth $702,194,842. This brought the portfolio total to 0.49%.

Fiera Capital Corp. held 16,668,656 shares on 03/31/2013 worth $500,226,370. This brought the portfolio total to 5.03%.

Schroder Investment Management Group held 13,870,146 shares on 03/31/2013 worth $416,243,085. This brought the portfolio total to 1.14%.

Great West Life Assurance Co. held 12,944,362 shares on 03/31/2013 worth $388,460,307. This brought the portfolio total to 2.46%.

Franklin Resources Inc. held 10,248,190 shares on 03/31/2013 worth $307,548,184. This brought the portfolio total to 0.18%.

Lateef Investment Management L.P. held 9,290,833 shares on 03/31/2013 worth $278,817,900. This brought the portfolio total to 6.03%.

Mackenzie Financial Corp. held 9,141,135 shares on 03/31/2013 worth $274,325,463. This brought the portfolio total to 1.21%.

Blackrock Advisors LLC held 8,034,432 shares on 03/31/2013 worth $241,113,306. This brought the portfolio total to 0.24%.

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