Insider Selling: Suncor Energy Inc. (TSE:SU) Senior Officer Sells 50,000 Shares of Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up C$0.31 during trading on Monday, hitting C$57.31. 867,739 shares of the stock were exchanged, compared to its average volume of 7,815,902. Suncor Energy Inc. has a 1-year low of C$40.07 and a 1-year high of C$57.69. The stock has a market capitalization of C$72.78 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a fifty day moving average price of C$52.72 and a 200-day moving average price of C$53.12. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is 37.46%.

Analyst Ratings Changes

A number of research analysts have issued reports on SU shares. Jefferies Financial Group cut their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada increased their price target on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday. National Bankshares increased their price target on shares of Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target on the stock in a research report on Wednesday, August 7th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday. Five 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

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.