Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,716,830 shares of the oil and gas producer’s stock after selling 57,668 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Suncor Energy worth $50,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Suncor Energy by 144.1% in the second quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,270 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Suncor Energy by 1.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,061 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 42 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Suncor Energy by 6.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 238 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Suncor Energy during the fourth quarter worth approximately $152,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Suncor Energy by 680.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares during the period. 65.59% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Inc. (SU) traded up 0.29% during mid-day trading on Friday, reaching $31.39. The company’s stock had a trading volume of 1,657,998 shares. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79. The company has a market cap of $52.09 billion, a price-to-earnings ratio of 24.66 and a beta of 0.82. The firm has a 50 day moving average price of $31.22 and a 200 day moving average price of $30.94.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th will be given a $0.2552 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 3.25%. Suncor Energy ‘s dividend payout ratio (DPR) is presently 77.87%.

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SU has been the topic of a number of research reports. BidaskClub upgraded Suncor Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Barclays PLC restated an “overweight” rating and issued a $52.00 price target (up from $47.00) on shares of Suncor Energy in a report on Wednesday, July 12th. National Bank Financial initiated coverage on Suncor Energy in a report on Tuesday, June 27th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, July 4th. Finally, AltaCorp Capital lowered Suncor Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $42.86.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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

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