Shelley Powell Sells 41,911 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the completion of the sale, the insider owned 27,705 shares of the company’s stock, valued at approximately C$2,426,958. This trade represents a 60.20% decrease in their position.

Suncor Energy Trading Up 2.4%

TSE SU opened at C$91.23 on Friday. The company has a market capitalization of C$106.71 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.15 and a beta of 0.18. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy Inc. has a 12 month low of C$52.96 and a 12 month high of C$96.53. The company’s fifty day moving average price is C$85.01 and its two-hundred day moving average price is C$84.49.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The company had revenue of C$17.50 billion during the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. As a group, research analysts predict that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $2.40 annualized dividend and a yield of 2.6%. Suncor Energy’s dividend payout ratio is presently 31.64%.

Analyst Ratings Changes

Several research firms recently issued reports on SU. Scotia upped their price target on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 21st. BMO Capital Markets boosted their target price on shares of Suncor Energy from C$100.00 to C$105.00 in a research note on Wednesday, August 5th. TD raised their price target on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$107.00 to C$114.00 in a report on Thursday. Finally, Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$97.69.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.