Kristopher Peter Smith Sells 105,000 Shares of Suncor Energy Inc. (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00.

Suncor Energy Trading Down 0.2 %

Shares of SU stock opened at C$57.10 on Thursday. The firm has a market capitalization of C$72.52 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy Inc. has a twelve month low of C$40.07 and a twelve month high of C$57.69. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The stock’s fifty day simple moving average is C$53.14 and its 200 day simple moving average is C$53.19.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s payout ratio is presently 37.46%.

Analyst Ratings Changes

SU has been the subject of a number of recent analyst reports. TD Securities raised their price objective on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Jefferies Financial Group dropped their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Scotiabank lifted their price target on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$61.81.

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.