Suncor Energy Inc. (TSE:SU) Plans Quarterly Dividend of $0.57

Suncor Energy Inc. (TSE:SU) (NYSE:SU) announced a quarterly dividend on Tuesday, December 3rd,TickerTech Dividends reports. Shareholders of record on Tuesday, December 24th will be given a dividend of 0.57 per share on Tuesday, December 24th. This represents a $2.28 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55.

Suncor Energy Stock Performance

Shares of SU opened at C$55.71 on Friday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The firm has a 50-day moving average of C$54.05 and a 200-day moving average of C$53.37. The company has a market cap of C$70.75 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$40.07 and a one year high of C$58.28.

Insider Buying and Selling

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Raymond James boosted their target price on Suncor Energy from C$52.00 to C$56.00 in a report on Thursday, November 14th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research report on Wednesday, August 7th. Finally, UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.32.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.