Peter Douglas Zebedee Sells 5,000 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Insider sale: Peter Douglas Zebedee sold 5,000 Suncor Energy shares at C$98 each for C$490,000, following the sale of another 4,388 shares worth C$416,421.20 on September 11.
• Stock performance: Suncor shares rose to C$99.76, near their 52-week high of C$100.24, with a market capitalization of approximately C$116.68 billion.
• Dividend and outlook: The company announced a quarterly dividend of C$0.60 per share, equivalent to a 2.4% yield. Analysts maintain a consensus “Moderate Buy” rating with a C$97.69 price target.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Peter Douglas Zebedee sold 5,000 shares of Suncor Energy stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Peter Douglas Zebedee also recently made the following trade(s):

• On Friday, September 11th, Peter Douglas Zebedee sold 4,388 shares of Suncor Energy stock. The stock was sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Suncor Energy Stock Performance

SU stock traded up C$4.18 during trading on Tuesday, hitting C$99.76. The company had a trading volume of 2,027,645 shares, compared to its average volume of 6,350,708. The firm has a 50-day moving average price of C$90.67 and a 200-day moving average price of C$87.49. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The firm has a market cap of C$116.68 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy Inc. has a 1-year low of C$53.02 and a 1-year high of C$100.24.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%. On average, analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 4th. Suncor Energy's dividend payout ratio (DPR) is 31.64%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SU. Scotiabank raised shares of Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. The Goldman Sachs Group lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Friday, June 5th. BMO Capital Markets increased their target price on Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. Raymond James Financial lifted their price target on Suncor Energy from C$103.00 to C$109.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, Gerdes Energy Research cut Suncor Energy from a "buy" rating to a "neutral" rating and increased their price objective for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$97.69.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

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