Zions Bancorporation N.A. Has $877,000 Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Zions Bancorporation N.A. increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 67.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 period. Zions Bancorporation N.A.’s holdings in Suncor Energy were worth $877,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Suncor Energy by 1.4% during the first quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock worth $1,890,768,000 after purchasing an additional 691,497 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Suncor Energy by 5.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after buying an additional 1,209,073 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Suncor Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock valued at $878,131,000 after buying an additional 366,432 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Suncor Energy by 4.1% in the 1st quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock valued at $817,835,000 after buying an additional 868,475 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Suncor Energy by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock worth $683,916,000 after acquiring an additional 1,031,542 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 2.1 %

Shares of NYSE:SU opened at $40.44 on Friday. The company has a 50 day moving average price of $38.29 and a two-hundred day moving average price of $38.74. The company has a market capitalization of $51.02 billion, a PE ratio of 8.81, a PEG ratio of 2.81 and a beta of 1.12. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.93 and a current ratio of 1.46.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. 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%. Suncor Energy’s payout ratio is currently 35.29%.

Analyst Ratings Changes

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

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.