Suncor Energy Inc. (TSE:SU) Senior Officer Sells C$2,843,700.00 in Stock

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

Suncor Energy Price Performance

Shares of SU opened at C$57.21 on Wednesday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock has a 50 day simple moving average of C$52.98 and a 200 day simple moving average of C$53.16. Suncor Energy Inc. has a 52-week low of C$40.07 and a 52-week high of C$57.69. The firm has a market capitalization of C$72.66 billion, a PE ratio of 9.83, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a $0.545 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 3.81%. Suncor Energy’s dividend payout ratio is presently 37.46%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SU shares. UBS Group boosted their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a report on Wednesday, August 7th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$61.81.

About Suncor Energy

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.