Peter Douglas Zebedee Sells 4,388 Shares of Suncor Energy (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Peter Douglas Zebedee sold 4,388 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Peter Douglas Zebedee also recently made the following trade(s):

• On Monday, September 14th, Peter Douglas Zebedee sold 5,000 shares of Suncor Energy stock. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Suncor Energy Price Performance

TSE:SU opened at C$99.99 on Wednesday. The firm has a market cap of C$116.95 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19. Suncor Energy Inc. has a 12 month low of C$53.02 and a 12 month high of C$100.24. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48. The company’s 50-day moving average price is C$91.06 and its two-hundred day moving average price is C$87.66.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) 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%. On average, equities analysts anticipate that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 31.64%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Desjardins set a C$107.00 price target on Suncor Energy and gave the company a “buy” rating in a report on Friday, July 17th. Gerdes Energy Research downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. TD increased their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets raised their price objective on shares of Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. One 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. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of C$97.69.

Key Stories Impacting Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating on Suncor. The average price target is C$97.69, although Raymond James and JPMorgan have set higher targets of C$109 and C$114, respectively. The bullish targets may be supporting investor confidence. Suncor Energy receives consensus Moderate Buy recommendation
• Positive Sentiment: Suncor’s quarterly dividend of C$0.60 per share is scheduled for payment on September 25. The annualized C$2.40 payout represents an approximately 2.5% yield, reinforcing the stock’s income appeal. Suncor Energy dividend and insider transaction report
• Neutral Sentiment: Two insiders, David Jason Oldreive and Peter Douglas Zebedee, each sold 5,000 shares at C$98, for C$490,000 apiece. The transactions may signal that insiders are taking profits after the recent advance, but the sales are relatively small compared with Suncor’s market capitalization.
• Negative Sentiment: Additional sales by Peter Douglas Zebedee totaled 4,388 shares at an average C$94.90. Repeated insider selling could weigh on sentiment, though the filings do not establish that the transactions reflect a negative view of Suncor’s business. Peter Douglas Zebedee sells Suncor Energy shares
• Negative Sentiment: Maintenance activity at Suncor’s operations in the Fort McMurray region has prompted odour complaints. The report does not indicate a production disruption, but the issue introduces limited operational, regulatory and reputational risk. Suncor maintenance triggers odour complaints

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