Tyler Stone Wealth Management Grows Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Tyler Stone Wealth Management boosted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 92.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,570 shares of the oil and gas producer's stock after acquiring an additional 14,686 shares during the quarter. Tyler Stone Wealth Management's holdings in Suncor Energy were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oxbow Advisors LLC bought a new position in shares of Suncor Energy during the third quarter valued at about $3,522,000. Verdence Capital Advisors LLC grew its stake in shares of Suncor Energy by 13.1% during the third quarter. Verdence Capital Advisors LLC now owns 24,194 shares of the oil and gas producer's stock valued at $893,000 after buying an additional 2,798 shares during the last quarter. Seascape Capital Management bought a new position in shares of Suncor Energy during the third quarter valued at about $2,272,000. CWA Asset Management Group LLC bought a new position in shares of Suncor Energy during the third quarter valued at about $664,000. Finally, Fiera Capital Corp grew its stake in shares of Suncor Energy by 11.6% during the third quarter. Fiera Capital Corp now owns 1,550,252 shares of the oil and gas producer's stock valued at $57,295,000 after buying an additional 161,306 shares during the last quarter. 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. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.46 and a quick ratio of 0.93. 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 $38.75. 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SU shares. Wolfe Research started coverage on Suncor Energy in a research note on Thursday, July 18th. They set an "outperform" rating and a $68.00 price objective on the stock. TD Securities raised 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 note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.