Zions Bancorporation N.A. Increases Stock Position in Suncor Energy Inc. (NYSE:SU)

Zions Bancorporation N.A. boosted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 38.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,862 shares of the oil and gas producer’s stock after purchasing an additional 9,101 shares during the quarter. Zions Bancorporation N.A.’s holdings in Suncor Energy were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC grew its stake in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in Suncor Energy during the 4th quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new position in Suncor Energy during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new position in shares of Suncor Energy during the 4th quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Suncor Energy in the fourth quarter worth about $45,000. 67.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SU shares. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Up 0.1 %

SU opened at $38.44 on Wednesday. The business has a fifty day moving average price of $38.18 and a 200 day moving average price of $38.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95. The stock has a market capitalization of $47.56 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. Sell-side analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.15%. Suncor Energy’s dividend payout ratio is currently 45.51%.

Suncor Energy 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.