Suncor Energy (TSE:SU) Insider Kristopher Peter Smith Sells 112,600 Shares

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Kristopher Peter Smith sold 112,600 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the transaction, the insider directly owned 48,482 shares of the company’s stock, valued at C$2,993,278.68. The trade was a 69.90% decrease in their ownership of the stock.

Kristopher Peter Smith also recently made the following trade(s):

• On Wednesday, September 10th, Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock. The stock was sold at an average price of C$57.57, for a total transaction of C$5,757,000.00.

Suncor Energy Stock Up 0.3%

SU opened at C$61.92 on Thursday. The company has a market capitalization of C$74.38 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. The firm has a 50-day simple moving average of C$57.13 and a two-hundred day simple moving average of C$54.09. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy Inc. has a 52 week low of C$43.59 and a 52 week high of C$62.31.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, November 4th. The company reported C$1.34 earnings per share (EPS) for the quarter. Suncor Energy had a return on equity of 18.10% and a net margin of 15.15%.The firm had revenue of C$12.55 billion for the quarter. Analysts forecast that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, September 4th. Suncor Energy’s dividend payout ratio is currently 53.15%.

Analyst Ratings Changes

A number of research firms recently weighed in on SU. TD Securities raised their target price on shares of Suncor Energy from C$67.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Desjardins increased their price objective on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. UBS Group lifted their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Wednesday, November 5th. Scotiabank upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Finally, Gerdes Energy Research increased their price target on shares of Suncor Energy from C$75.00 to C$78.00 in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$64.42.

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.