Zurcher Kantonalbank Zurich Cantonalbank Acquires 178,727 Shares of Suncor Energy Inc. (NYSE:SU)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,046,513 shares of the oil and gas producer's stock after acquiring an additional 178,727 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Suncor Energy worth $37,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SU. Ruffer LLP boosted its stake in shares of Suncor Energy by 19.9% in the 4th quarter. Ruffer LLP now owns 941,697 shares of the oil and gas producer's stock valued at $33,608,000 after purchasing an additional 156,496 shares during the last quarter. Argentarii LLC bought a new position in shares of Suncor Energy during the 4th quarter worth approximately $344,000. Amundi increased its stake in shares of Suncor Energy by 1.5% in the 4th quarter. Amundi now owns 4,230,786 shares of the oil and gas producer's stock valued at $162,166,000 after acquiring an additional 61,552 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Suncor Energy by 0.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 53,507 shares of the oil and gas producer's stock worth $1,909,000 after purchasing an additional 379 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Suncor Energy in the 4th quarter valued at about $18,829,000. Institutional investors own 67.37% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have issued reports on SU shares. Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Suncor Energy Stock Performance

Suncor Energy stock traded up $0.48 during midday trading on Wednesday, reaching $35.86. The stock had a trading volume of 1,910,275 shares, compared to its average volume of 4,184,670. The firm has a market capitalization of $44.37 billion, a PE ratio of 10.40, a P/E/G ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm's 50-day moving average price is $38.29 and its 200 day moving average price is $38.33.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping 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%. As a group, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.45%. Suncor Energy's dividend payout ratio (DPR) is 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.