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

Trust Co. of Toledo NA OH increased its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,981 shares of the oil and gas producer’s stock after acquiring an additional 2,885 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Suncor Energy were worth $820,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Eastern Bank purchased a new stake in shares of Suncor Energy during the third quarter valued at about $25,000. Richardson Financial Services Inc. lifted its position in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Suncor Energy during the third quarter valued at about $49,000. Transamerica Financial Advisors Inc. lifted its position in shares of Suncor Energy by 2,311.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 1,895 shares during the last quarter. Finally, Mattson Financial Services LLC purchased a new position in shares of Suncor Energy in the 2nd quarter valued at approximately $82,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SU has been the subject of several research analyst reports. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 26th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $39.41 on Tuesday. The stock has a market capitalization of $49.05 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 2.43 and a beta of 1.12. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94. The firm’s 50 day simple moving average is $38.04 and its 200-day simple moving average is $38.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.4089 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.15%. Suncor Energy’s dividend payout ratio (DPR) is presently 35.08%.

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.