Trust Co. of Vermont Makes New $26,000 Investment in Suncor Energy Inc. (NYSE:SU)

Trust Co. of Vermont acquired a new position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 672 shares of the oil and gas producer’s stock, valued at approximately $26,000.

Several other hedge funds also recently made changes to their positions in SU. Johnson Financial Group Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter worth $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Suncor Energy by 43.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,038 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 313 shares during the period. Adirondack Trust Co. lifted its stake in shares of Suncor Energy by 45.6% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 313 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SU. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Scotiabank reduced their price objective on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group raised their price objective on shares of Suncor Energy from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James upgraded shares of Suncor Energy to a “hold” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.75.

Suncor Energy Trading Up 5.2 %

Shares of NYSE SU traded up $1.94 during midday trading on Wednesday, reaching $38.96. 4,040,559 shares of the stock were exchanged, compared to its average volume of 4,469,176. The company has a market capitalization of $49.93 billion, a P/E ratio of 8.79, a P/E/G ratio of 3.34 and a beta of 1.12. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.50. The company has a current ratio of 1.51, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $38.11 and a 200-day moving average price of $36.93.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, August 6th. The oil and gas producer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. Suncor Energy’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Suncor Energy Inc. will post 3.67 earnings per share for the current fiscal year.

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.