Massmutual Trust Co. FSB ADV Has $91,000 Stake in Suncor Energy Inc. (NYSE:SU)

Massmutual Trust Co. FSB ADV increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 22.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,384 shares of the oil and gas producer’s stock after purchasing an additional 440 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Suncor Energy were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new position in Suncor Energy during the 4th quarter worth $25,000. Benjamin F. Edwards & Company Inc. raised its holdings in Suncor Energy by 43.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 313 shares in the last quarter. Adirondack Trust Co. lifted its position in shares of Suncor Energy by 45.6% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 313 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Suncor Energy during the 4th quarter worth $38,000. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Stock Up 1.5 %

Suncor Energy stock traded up $0.56 during mid-day trading on Tuesday, reaching $37.02. The stock had a trading volume of 5,026,898 shares, compared to its average volume of 4,470,792. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.51. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.50. The stock’s 50-day simple moving average is $38.18 and its 200-day simple moving average is $36.89. The firm has a market capitalization of $47.24 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 3.34 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $8.64 billion. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. On average, sell-side analysts forecast that Suncor Energy Inc. will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Securities boosted their price objective on shares of Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. The Goldman Sachs Group upped their price objective on Suncor Energy from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Scotiabank decreased their target price on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research assumed coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price for the company. Finally, StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.75.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.