Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Suncor Energy Inc. (NYSE:SU)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,141 shares of the oil and gas producer’s stock after acquiring an additional 132,975 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Suncor Energy worth $27,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. MML Investors Services LLC purchased a new stake in shares of Suncor Energy in the third quarter worth about $205,000. Cetera Advisor Networks LLC boosted its holdings in shares of Suncor Energy by 3.1% in the third quarter. Cetera Advisor Networks LLC now owns 21,056 shares of the oil and gas producer’s stock valued at $437,000 after purchasing an additional 630 shares during the period. Bank of New York Mellon Corp lifted its holdings in Suncor Energy by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 1,794,114 shares of the oil and gas producer’s stock worth $37,210,000 after buying an additional 15,499 shares during the period. Nexus Investment Management ULC lifted its holdings in Suncor Energy by 0.3% during the fourth quarter. Nexus Investment Management ULC now owns 960,956 shares of the oil and gas producer’s stock worth $24,027,000 after buying an additional 3,250 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in Suncor Energy by 5.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 32,356 shares of the oil and gas producer’s stock worth $810,000 after buying an additional 1,675 shares during the period. Institutional investors and hedge funds own 58.48% of the company’s stock.

Suncor Energy stock opened at $35.57 on Friday. The stock has a market cap of $49.84 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34. The company has a fifty day simple moving average of $37.41 and a 200-day simple moving average of $32.26. Suncor Energy Inc. has a 12-month low of $17.10 and a 12-month high of $42.72. The company has a current ratio of 1.18, a quick ratio of 0.75 and a debt-to-equity ratio of 0.36.

Suncor Energy (NYSE:SUGet Rating) (TSE:SU) last announced its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.21. Suncor Energy had a net margin of 14.18% and a return on equity of 15.69%. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $9.18 billion. As a group, sell-side analysts forecast that Suncor Energy Inc. will post 5.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were given a $0.3623 dividend. The ex-dividend date was Thursday, June 2nd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.33. This represents a $1.45 dividend on an annualized basis and a yield of 4.07%. Suncor Energy’s payout ratio is 43.57%.

SU has been the topic of several analyst reports. CIBC increased their price target on Suncor Energy from C$50.00 to C$60.00 in a research report on Thursday, April 14th. StockNews.com initiated coverage on shares of Suncor Energy in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. National Bank Financial raised their price target on shares of Suncor Energy from C$54.00 to C$73.00 in a research note on Thursday, June 16th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$54.00 to C$60.00 in a research note on Thursday, June 9th. Finally, Wells Fargo & Company raised their target price on shares of Suncor Energy from $42.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.14.

Suncor Energy Company Profile (Get Rating)

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

Featured Articles

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SUGet Rating) (TSE:SU).

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.