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

Zions Bancorporation N.A. increased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 38.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,862 shares of the oil and gas producer's stock after acquiring an additional 9,101 shares during the quarter. Zions Bancorporation N.A.'s holdings in Suncor Energy were worth $1,173,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SU. Assenagon Asset Management S.A. boosted its stake in shares of Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock worth $123,774,000 after acquiring an additional 3,225,543 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Suncor Energy by 39.9% during the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer's stock worth $346,298,000 after purchasing an additional 2,767,043 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Suncor Energy by 2,061.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after buying an additional 2,325,503 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Suncor Energy by 97.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,734,572 shares of the oil and gas producer's stock valued at $133,250,000 after buying an additional 1,842,791 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Suncor Energy by 104.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer's stock worth $110,017,000 after buying an additional 1,573,726 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

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Suncor Energy Trading Down 0.7 %

SU traded down $0.27 during mid-day trading on Friday, hitting $38.36. 2,789,133 shares of the stock were exchanged, compared to its average volume of 4,405,989. The firm's fifty day moving average is $38.13 and its two-hundred day moving average is $38.17. 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 $47.45 billion, a PE ratio of 11.12, a PEG ratio of 2.94 and a beta of 1.11. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data 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 net margin of 11.80% and a return on equity of 15.37%. Equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were issued a $0.399 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. Suncor Energy's dividend payout ratio (DPR) is presently 45.51%.

Wall Street Analysts Forecast Growth

SU has been the subject of a number of recent research reports. Bank of America began coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating for the company. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

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.