Tyler Stone Wealth Management Purchases 14,686 Shares of Suncor Energy Inc. (NYSE:SU)

Tyler Stone Wealth Management lifted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 92.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,570 shares of the oil and gas producer’s stock after purchasing an additional 14,686 shares during the quarter. Tyler Stone Wealth Management’s holdings in Suncor Energy were worth $1,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SU. Cullen Investment Group LTD. grew its stake in shares of Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after buying an additional 262 shares during the last quarter. First Horizon Advisors Inc. grew its position in Suncor Energy by 6.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer’s stock worth $186,000 after acquiring an additional 281 shares during the last quarter. Blue Trust Inc. increased its stake in Suncor Energy by 11.0% in the 2nd quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer’s stock worth $121,000 after purchasing an additional 325 shares during the period. Richardson Financial Services Inc. lifted its position in Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Suncor Energy by 16.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,730 shares of the oil and gas producer’s stock valued at $104,000 after purchasing an additional 377 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.1 %

SU traded down $0.44 on Friday, hitting $39.16. The company had a trading volume of 2,316,667 shares, compared to its average volume of 2,509,635. Suncor Energy Inc. has a 52-week low of $29.45 and a 52-week high of $41.94. The stock has a fifty day simple moving average of $38.34 and a 200-day simple moving average of $38.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. The firm has a market capitalization of $49.41 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.78 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SU. Wolfe Research began coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price on the stock. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.83.

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.