Kristopher Peter Smith Sells 100,000 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Suncor Energy insider Kristopher Peter Smith sold 100,000 shares at an average price of C$57.57, reducing his ownership by 67.35% to 48,482 shares.
• The company recently announced a quarterly dividend of $0.57 per share, representing a 3.9% yield.
• Analysts have generally upgraded Suncor's stock, with a current consensus rating of "Moderate Buy" and a price target of C$63.67.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Kristopher Peter Smith sold 100,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.57, for a total transaction of C$5,757,000.00. Following the sale, the insider owned 48,482 shares in the company, valued at approximately C$2,791,108.74. This trade represents a 67.35% decrease in their position.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up C$1.02 on Tuesday, hitting C$59.15. 11,103,176 shares of the company traded hands, compared to its average volume of 8,215,938. The firm's 50-day simple moving average is C$54.83 and its 200 day simple moving average is C$52.20. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The company has a market cap of C$71.76 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.15 and a beta of 0.83. Suncor Energy Inc. has a 12-month low of C$43.59 and a 12-month high of C$59.76.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last released its earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. Analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's dividend payout ratio (DPR) is 49.67%.

Wall Street Analyst Weigh In

SU has been the topic of a number of recent analyst reports. Desjardins raised their price target on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Jefferies Financial Group raised their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Gerdes Energy Research cut their price target on shares of Suncor Energy from C$79.00 to C$77.00 in a report on Thursday, September 11th. Raymond James Financial raised their price target on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Finally, ATB Capital raised their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$63.67.

Suncor Energy Company Profile

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.