Trust Co. of Toledo NA OH Has $910,000 Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Trust Co. of Toledo NA OH grew its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,491 shares of the oil and gas producer’s stock after acquiring an additional 510 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Suncor Energy were worth $910,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd boosted its position in Suncor Energy by 30.5% during the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 256 shares during the period. Principal Securities Inc. lifted its holdings in shares of Suncor Energy by 2.2% during the fourth quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock worth $443,000 after purchasing an additional 265 shares during the period. Stifel Financial Corp grew its stake in shares of Suncor Energy by 0.3% in the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer’s stock worth $3,408,000 after purchasing an additional 265 shares during the last quarter. X Square Capital LLC increased its holdings in Suncor Energy by 0.3% in the fourth quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock valued at $2,951,000 after purchasing an additional 267 shares during the period. Finally, Freedom Investment Management Inc. increased its holdings in Suncor Energy by 2.0% in the fourth quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer’s stock valued at $547,000 after purchasing an additional 302 shares during the period. 67.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SU has been the subject of several recent research reports. Wall Street Zen cut Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Bank of America assumed coverage on shares of Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating for the company. Finally, Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Suncor Energy Stock Performance

Shares of SU opened at $40.92 on Monday. The stock has a 50 day moving average of $35.50 and a 200 day moving average of $36.89. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The firm had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. During the same period last year, the firm posted $1.41 EPS. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s payout ratio is presently 47.55%.

Suncor Energy Company 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.