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.
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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.
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