Insider Selling: Suncor Energy (TSE:SU) Insider Sells 100,000 Shares of 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 stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$57.57, for a total value of C$5,757,000.00. Following the completion of the transaction, the insider owned 48,482 shares of the company's stock, valued at C$2,791,108.74. The trade was a 67.35% decrease in their ownership of the stock.

Suncor Energy Price Performance

Shares of SU traded down C$0.40 during trading hours on Thursday, reaching C$58.15. The stock had a trading volume of 1,541,767 shares, compared to its average volume of 8,186,059. The stock has a market capitalization of C$70.55 billion, a PE ratio of 12.81, a PEG ratio of 0.15 and a beta of 0.83. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy Inc. has a 12 month low of C$43.59 and a 12 month high of C$58.71. The company's 50-day moving average is C$54.46 and its two-hundred day moving average is C$52.17.

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

Suncor Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SU shares. Raymond James Financial lifted 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. Wells Fargo & Company boosted their price target on shares of Suncor Energy from C$59.00 to C$60.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. TD Securities upped their target price on shares of Suncor Energy from C$62.00 to C$63.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Desjardins upped their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Scotiabank boosted 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 research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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