Troy Ward Little Sells 8,711 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Troy Ward Little sold 8,711 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.61, for a total transaction of C$545,395.71.

Suncor Energy Trading Up 0.0%

Shares of Suncor Energy stock traded up C$0.03 on Friday, hitting C$61.01. 5,319,474 shares of the company’s stock traded hands, compared to its average volume of 7,929,310. The firm’s 50-day moving average price is C$58.96 and its two-hundred day moving average price is C$56.01. 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 stock has a market capitalization of C$73.29 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy Inc. has a one year low of C$43.59 and a one year high of C$64.14.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter. The business had revenue of C$12.55 billion for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%. On average, research analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.57. Suncor Energy’s dividend payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

SU has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of Suncor Energy from C$59.00 to C$64.00 in a research report on Thursday, November 6th. CIBC upped their target price on shares of Suncor Energy from C$65.00 to C$70.00 in a research note on Thursday, November 27th. Royal Bank Of Canada lifted their price target on shares of Suncor Energy from C$62.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Jefferies Financial Group boosted their price target on shares of Suncor Energy from C$53.00 to C$57.00 in a report on Monday, August 18th. Finally, Gerdes Energy Research raised their price objective on Suncor Energy from C$75.00 to C$78.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$65.77.

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.