Suncor Energy (TSE:SU) Insider Sells C$3,671,403.60 in Stock

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

Suncor Energy Trading Up 0.2%

SU stock opened at C$91.44 on Friday. The company has a market capitalization of C$106.95 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. Suncor Energy Inc. has a one year low of C$52.96 and a one year high of C$96.53. The company’s 50 day moving average price is C$85.10 and its two-hundred day moving average price is C$84.54.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, August 4th. The company reported C$3.23 EPS for the quarter. The company had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm 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. This represents a $2.40 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Suncor Energy’s dividend payout ratio is presently 31.64%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial lifted their price objective on Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday. Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$96.00 to C$97.00 in a research note on Wednesday, July 22nd. Scotia boosted their price objective on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$97.69.

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.