Suncor Energy Inc. (SU) Director Purchases C$162,350.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Dennis Michael Houston purchased 5,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, March 14th. The shares were bought at an average price of C$32.47 per share, with a total value of C$162,350.00.

Suncor Energy Inc. (TSE SU) traded down C$0.16 during mid-day trading on Wednesday, reaching C$42.13. 2,179,077 shares of the company’s stock were exchanged, compared to its average volume of 3,001,916. The firm has a market cap of $69,400.00, a P/E ratio of 15.73 and a beta of 0.45. Suncor Energy Inc. has a 12 month low of C$36.09 and a 12 month high of C$47.69.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is currently 47.76%.

Several research firms recently weighed in on SU. Eight Capital set a C$56.00 price target on shares of Suncor Energy and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Wells Fargo & Co increased their price objective on shares of Suncor Energy from C$56.00 to C$59.00 in a report on Thursday, January 11th. National Bank Financial increased their price objective on shares of Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 price objective for the company. in a report on Thursday, November 16th. Finally, CIBC increased their price objective on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$51.50.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Insider Buying and Selling by Quarter for Suncor Energy (TSE:SU)

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