Suncor Energy Inc. (TSE:SU) Director Russell Girling Buys 10,000 Shares

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Russell Girling acquired 10,000 shares of the stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of C$50.41 per share, with a total value of C$504,100.00.

Suncor Energy Stock Performance

Shares of TSE SU traded up C$1.18 during trading on Tuesday, hitting C$51.80. The company had a trading volume of 5,046,375 shares, compared to its average volume of 8,568,174. The stock has a 50 day simple moving average of C$48.71 and a 200 day simple moving average of C$52.35. The firm has a market capitalization of C$64.97 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. 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.

Suncor Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Securities reduced their target price on shares of Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Scotiabank raised Suncor Energy to a “hold” rating in a research report on Wednesday, March 19th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. Raymond James raised their price objective on shares of Suncor Energy from C$54.00 to C$56.00 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company increased their price target on shares of Suncor Energy from C$57.00 to C$59.00 in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$62.58.

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.