10 Best TSX Stocks to Buy According to Billionaires

5. Suncor Energy Inc. (NYSE:SU)

Number of Hedge Fund Holders: 42

Number of Billionaire Investors: 11

Value of Billionaire Investment: $2,229,888,190

Suncor Energy Inc. (NYSE:SU) is one of the Best TSX Stocks to Buy According to Billionaires. Wall Street is bullish on Suncor Energy Inc. (NYSE:SU) after its fiscal second quarter 2025 results. The company topped revenue estimates by $592.07 million, while the EPS of $0.52 fell slightly short by $0.01.

Management noted achieving record upstream production of 808,000 barrels per day during the quarter, along with a record refinery throughput of 442,000 bbls/d. Moreover, Suncor Energy Inc. (NYSE:SU) generated $2.7 billion in adjusted funds from operations and $1.0 billion in free funds flow.

Several analysts have raised their price targets on the stock after the release. On August 7, Chris MacCulloch from Desjardins raised the firm’s price target on the stock from $46.37 to $47.09, while reiterating a Buy rating. More recently, on August 18, Lloyd Byrne from Jefferies also raised the firm’s price target on Suncor Energy Inc. (NYSE:SU) from $38.4 to $41.3, while keeping a Hold rating.

Suncor Energy Inc. (NYSE:SU) is a Canadian integrated energy company involved in oil sands development, offshore oil production, and petroleum refining.