Zurcher Kantonalbank Zurich Cantonalbank Has $37.34 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,046,513 shares of the oil and gas producer’s stock after purchasing an additional 178,727 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Suncor Energy worth $37,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC increased its stake in shares of Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after purchasing an additional 20,081 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Suncor Energy by 86.0% in the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock valued at $2,421,000 after purchasing an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC bought a new position in shares of Suncor Energy in the 4th quarter valued at $300,000. Intech Investment Management LLC increased its stake in shares of Suncor Energy by 1,345.8% in the 3rd quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after purchasing an additional 436,016 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Suncor Energy during the 4th quarter worth $236,000. Institutional investors own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the topic of a number of research reports. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Cibc World Mkts upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Trading Down 0.2 %

NYSE SU opened at $35.66 on Tuesday. The business’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $38.37. Suncor Energy Inc. has a 12 month low of $33.81 and a 12 month high of $41.95. The firm has a market capitalization of $44.11 billion, a PE ratio of 10.33, a price-to-earnings-growth 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) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. On average, analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be paid a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend 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.