Russell Girling Buys 10,000 Shares of Suncor Energy Inc. (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Russell Girling bought 10,000 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were purchased at an average price of C$50.41 per share, for a total transaction of C$504,100.00.

Suncor Energy Trading Up 3.2%

TSE:SU opened at C$53.09 on Thursday. Suncor Energy Inc. has a 12-month low of C$43.59 and a 12-month high of C$58.58. The firm has a market capitalization of C$66.59 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The business has a 50 day simple moving average of C$48.82 and a 200 day simple moving average of C$52.31.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.29%. Suncor Energy’s dividend payout ratio is currently 34.42%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SU. Desjardins decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company boosted their target price on Suncor Energy from C$57.00 to C$59.00 in a research report on Thursday, May 22nd. TD Securities decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Raymond James upped their price objective on Suncor Energy from C$54.00 to C$56.00 and gave the company a “market perform” rating in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$62.58.

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.