Jacqueline Sue Moore Sells 37,700 Shares of Suncor Energy Inc. (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00.

Suncor Energy Stock Down 0.3 %

TSE SU opened at C$54.73 on Thursday. The stock has a market cap of C$69.51 billion, a PE ratio of 9.40, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy Inc. has a fifty-two week low of C$40.07 and a fifty-two week high of C$57.32. The business has a 50 day moving average price of C$52.84 and a two-hundred day moving average price of C$51.22. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 37.46%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SU shares. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$65.00 to C$67.00 in a research report on Thursday, August 8th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group boosted their target price on shares of Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. National Bankshares upped their price objective on shares of Suncor Energy from C$75.00 to C$77.00 in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$61.96.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.