Russell Girling Acquires 10,000 Shares of Suncor Energy (TSE:SU) Stock

Key Points

• Russell Girling, a director at Suncor Energy, purchased 10,000 shares at C$53.48 each, increasing his total holdings to 45,000 shares valued at C$2,406,555.
• Suncor Energy's stock price rose by 2.9%, reaching C$57.20, with shares trading below the average volume at 4,618,844 shares.
• The company announced a quarterly dividend of $0.57 per share, yielding approximately 4.0%, with a payout ratio of 49.67%.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU Director Russell Girling bought 10,000 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of C$53.48 per share, for a total transaction of C$534,790.00. Following the acquisition, the director owned 45,000 shares of the company's stock, valued at C$2,406,555. This trade represents a 28.57% increase in their position.

Suncor Energy Stock Performance

SU stock traded down C$0.35 during trading on Friday, reaching C$57.75. The stock had a trading volume of 5,411,958 shares, compared to its average volume of 8,186,823. Suncor Energy Inc. has a 52 week low of C$43.59 and a 52 week high of C$58.71. The stock's 50 day moving average is C$54.70 and its two-hundred day 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 firm has a market cap of C$70.07 billion, a PE ratio of 12.72, a PEG ratio of 0.15 and a beta of 0.83.

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

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th will be paid a $0.57 dividend. 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 49.67%.

Analysts Set New Price Targets

SU has been the topic of several recent research reports. ATB Capital raised their price objective on Suncor Energy from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Desjardins raised their price objective on Suncor Energy from C$64.00 to C$65.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Gerdes Energy Research decreased their price objective on Suncor Energy from C$79.00 to C$77.00 in a research note on Thursday. TD Securities increased their target price on 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. Finally, Wells Fargo & Company increased their target price on Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock 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.