Trust Co. of Toledo NA OH Has $906,000 Stock Position in Suncor Energy Inc. $SU

Trust Co. of Toledo NA OH lifted its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,194 shares of the oil and gas producer’s stock after purchasing an additional 703 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Suncor Energy were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SU. GAMMA Investing LLC boosted its position in shares of Suncor Energy by 2,380.2% in the 1st quarter. GAMMA Investing LLC now owns 6,002 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 5,760 shares during the period. Salem Investment Counselors Inc. lifted its stake in Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Suncor Energy by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 255,758 shares of the oil and gas producer’s stock worth $9,903,000 after acquiring an additional 5,888 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in Suncor Energy by 143.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 465 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in Suncor Energy in the 1st quarter worth about $230,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 2.1%

SU opened at $39.53 on Friday. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $43.48. The business has a 50-day moving average of $40.70 and a 200-day moving average of $38.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The company has a market capitalization of $47.79 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.20 and a beta of 0.78.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $11.56 billion. During the same period last year, the business earned $1.27 EPS. Equities research analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.4135 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.2%. Suncor Energy’s dividend payout ratio (DPR) is 51.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SU. Weiss Ratings reissued a “hold (c+)” rating on shares of Suncor Energy in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price objective on shares of Suncor Energy in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.