Shelley Powell Sells 41,911 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Insider sale: Shelley Powell sold 41,911 Suncor Energy shares for approximately C$3.67 million, reducing her direct ownership by 60.2% to 27,705 shares.
• Financial performance: Suncor reported quarterly revenue of C$17.50 billion and earnings of C$3.23 per share, with a 15.32% net margin and 19.38% return on equity.
• Market outlook: Analysts maintain a “Moderate Buy” consensus, with an average target price of C$97.19; Suncor also offers an annualized dividend of C$2.40 per share, yielding about 2.7%.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total value of C$3,671,403.60. Following the completion of the transaction, the insider directly owned 27,705 shares in the company, valued at approximately C$2,426,958. This represents a 60.20% decrease in their ownership of the stock.

Suncor Energy Trading Up 0.9%

Suncor Energy stock traded up C$0.79 during mid-day trading on Wednesday, hitting C$89.04. 862,180 shares of the stock were exchanged, compared to its average volume of 6,310,313. The stock has a market capitalization of C$104.14 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.15 and a beta of 0.18. Suncor Energy Inc. has a 12 month low of C$52.96 and a 12 month high of C$96.53. 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's fifty day simple moving average is C$85.05 and its two-hundred day simple moving average is C$84.20.

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 EPS for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The company had revenue of C$17.50 billion for the quarter. Analysts forecast that Suncor Energy Inc. will post 4.4208333 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Suncor Energy's dividend payout ratio is 31.64%.

Wall Street Analysts Forecast Growth

SU has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Raymond James Financial upped their target price on Suncor Energy from C$103.00 to C$109.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Gerdes Energy Research cut Suncor Energy from a "buy" rating to a "neutral" rating and raised their target price for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Desjardins set a C$107.00 target price on Suncor Energy and gave the stock a "buy" rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on Suncor Energy from C$105.00 to C$106.00 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$97.19.

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. 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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