Insider Selling: Suncor Energy Inc. (TSE:SU) Senior Officer Sells C$5,995,185.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00.

Suncor Energy Stock Performance

Shares of SU opened at C$57.50 on Friday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy Inc. has a one year low of C$40.07 and a one year high of C$57.69. The company’s fifty day moving average price is C$53.31 and its 200 day moving average price is C$53.22. The company has a market capitalization of C$73.03 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.

Analyst Upgrades and Downgrades

SU has been the subject of a number of research reports. UBS Group increased their price target on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday. TD Securities lifted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. 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, November 14th. National Bankshares increased their price objective on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Finally, Scotiabank increased their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average 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.