Trust Co. of Toledo NA OH Raises Holdings in Suncor Energy Inc. (NYSE:SU)

Trust Co. of Toledo NA OH boosted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 59.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,406 shares of the oil and gas producer’s stock after buying an additional 6,881 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Suncor Energy were worth $701,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sanders Capital LLC boosted its holdings in Suncor Energy by 2.8% during the 4th quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock valued at $1,836,470,000 after acquiring an additional 1,568,629 shares during the period. Vanguard Group Inc. boosted its holdings in Suncor Energy by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock valued at $1,890,768,000 after acquiring an additional 691,497 shares during the period. TD Asset Management Inc lifted its holdings in Suncor Energy by 16.8% in the 4th quarter. TD Asset Management Inc now owns 32,070,496 shares of the oil and gas producer’s stock worth $1,032,453,000 after buying an additional 4,612,764 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Suncor Energy by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,384,816 shares of the oil and gas producer’s stock worth $717,210,000 after buying an additional 1,725,969 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Suncor Energy by 4.1% in the 1st quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock worth $817,835,000 after buying an additional 868,475 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SU has been the subject of several research analyst reports. Wolfe Research initiated coverage on Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective for the company. Scotiabank dropped their price objective on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. StockNews.com cut Suncor Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. TD Securities increased their price objective on Suncor Energy from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, Raymond James upgraded Suncor Energy to a “hold” rating in a report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

Suncor Energy Stock Up 1.5 %

Shares of NYSE SU traded up $0.56 during mid-day trading on Tuesday, hitting $37.02. 5,213,068 shares of the stock traded hands, compared to its average volume of 4,472,020. 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 52 week low of $29.45 and a 52 week high of $41.50. The company has a market cap of $47.24 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 3.34 and a beta of 1.12. The stock has a fifty day moving average price of $38.18 and a 200-day moving average price of $36.89.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $8.64 billion. Suncor Energy had a return on equity of 15.69% and a net margin of 15.38%. Research analysts anticipate that Suncor Energy Inc. will post 3.67 EPS for the current year.

Suncor Energy Profile

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.