Suncor Energy Inc. (SU) Director Acquires C$1,266,000.00 in Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) Director Dominic D’alessandro bought 30,000 shares of Suncor Energy stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of C$42.20 per share, with a total value of C$1,266,000.00.

Suncor Energy Inc. (SU) traded up C$0.42 during trading on Friday, hitting C$43.60. 1,656,700 shares of the stock traded hands, compared to its average volume of 3,200,000. The stock has a market cap of $71,550.00, a PE ratio of 16.27 and a beta of 0.40. Suncor Energy Inc. has a 12-month low of C$36.09 and a 12-month high of C$47.69.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 5th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.44 annualized dividend and a dividend yield of 3.30%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is 46.64%.

A number of analysts recently commented on the stock. Eight Capital set a C$56.00 price target on shares of Suncor Energy and gave the company a “neutral” rating in a research note on Thursday, January 11th. Wells Fargo & Co increased their target price on shares of Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. National Bank Financial increased their target price on shares of Suncor Energy from C$49.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research note on Thursday, November 16th. Finally, CIBC increased their target price on shares of Suncor Energy from C$53.00 to C$55.00 in a research note on Thursday, November 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$51.54.

TRADEMARK VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/25/suncor-energy-inc-su-director-dominic-dalessandro-acquires-30000-shares.html.

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)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply