Suncor Energy Inc. (NYSE:SU) Stake Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 67.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,761 shares of the oil and gas producer’s stock after buying an additional 9,582 shares during the quarter. Zions Bancorporation N.A.’s holdings in Suncor Energy were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SU. Trust Co. of Vermont purchased a new position in shares of Suncor Energy during the 2nd quarter valued at $26,000. Eastern Bank purchased a new position in Suncor Energy in the third quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in Suncor Energy in the 2nd quarter worth about $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Suncor Energy by 82.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in Suncor Energy during the second quarter valued at approximately $29,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SU has been the subject of a number of research reports. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Wolfe Research started coverage on shares of Suncor Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price for the company. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Trading Up 2.1 %

SU stock opened at $40.44 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26. The firm has a market cap of $51.02 billion, a P/E ratio of 8.81, a P/E/G ratio of 2.81 and a beta of 1.12. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The business’s 50 day moving average is $38.29 and its 200-day moving average is $38.74.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is currently 35.29%.

About Suncor Energy

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.