Russell Girling Purchases 10,000 Shares of Suncor Energy Inc. (TSE:SU) Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Russell Girling bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of C$50.41 per share, for a total transaction of C$504,100.00.

Suncor Energy Stock Up 2.3%

SU stock traded up C$1.18 during trading on Tuesday, reaching C$51.80. 5,046,375 shares of the company traded hands, compared to its average volume of 8,568,174. The business has a 50 day simple moving average of C$48.71 and a 200 day simple moving average of C$52.35. Suncor Energy Inc. has a 12 month low of C$43.59 and a 12 month high of C$58.58. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The company has a market capitalization of C$64.97 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, June 4th. This represents a $2.28 dividend on an annualized basis and a yield of 4.40%. Suncor Energy’s payout ratio is 34.42%.

Analysts Set New Price Targets

SU has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. TD Securities dropped their target price on Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Desjardins dropped their price objective on Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$62.58.

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.