Massmutual Trust Co. FSB ADV increased its position in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (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.
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.
View Our Latest Stock Analysis on Suncor Energy
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.
Read More
- Five stocks we like better than Suncor Energy
- How to Calculate Inflation Rate
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- What are earnings reports?
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- Ride Out The Recession With These Dividend KingsĀ
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU).
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.