Zions Bancorporation N.A. Buys 9,101 Shares of Suncor Energy Inc. (NYSE:SU)

Zions Bancorporation N.A. grew its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 38.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,862 shares of the oil and gas producer’s stock after purchasing an additional 9,101 shares during the period. Zions Bancorporation N.A.’s holdings in Suncor Energy were worth $1,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC grew its position in Suncor Energy by 10.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 360,039 shares of the oil and gas producer’s stock worth $12,846,000 after acquiring an additional 34,734 shares during the last quarter. Prudential Financial Inc. raised its holdings in Suncor Energy by 68.8% in the fourth quarter. Prudential Financial Inc. now owns 111,222 shares of the oil and gas producer’s stock worth $3,968,000 after purchasing an additional 45,340 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Suncor Energy during the 4th quarter valued at about $35,000. Vanguard Group Inc. increased its position in Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock valued at $1,892,526,000 after buying an additional 323,714 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Suncor Energy during the fourth quarter valued at $252,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SU. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Cibc World Mkts raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Scotiabank raised Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Bank of America began coverage on Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Trading Up 0.1 %

Shares of SU stock opened at $38.44 on Wednesday. The stock’s 50 day simple moving average is $38.18 and its two-hundred day simple moving average is $38.14. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95. The company has a market cap of $47.56 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. 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 (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

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

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.