Suncor Energy (TSE:SU) Insider Sells 5,000 Shares

Key Points

  • Insider selling: Peter Douglas Zebedee sold 5,000 Suncor shares at C$98 each for C$490,000, following an additional sale of 4,388 shares worth C$416,421.
  • Stock and analyst sentiment: Suncor shares rose 4.6% and were trading near their 52-week high. Analysts maintain a consensus “Moderate Buy” rating with an average target of C$97.69, while JPMorgan’s target is C$114.
  • Dividend and financial results: Suncor declared a quarterly dividend of C$0.60 per share, equivalent to C$2.40 annually and a yield of about 2.4%. The company most recently reported C$3.23 in quarterly EPS and C$17.50 billion in revenue.

Suncor Energy Inc. (TSE:SU - Get Free Report) (NYSE:SU) insider Peter Douglas Zebedee sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of C$98.00, for a total value of C$490,000.00.

Peter Douglas Zebedee also recently made the following trade(s):

  • On Friday, September 11th, Peter Douglas Zebedee sold 4,388 shares of Suncor Energy stock. The shares were sold at an average price of C$94.90, for a total value of C$416,421.20.

Suncor Energy Trading Up 4.6%

SU stock opened at C$99.99 on Wednesday. The firm has a fifty day moving average price of C$91.06 and a 200 day moving average price of C$87.66. Suncor Energy Inc. has a fifty-two week low of C$53.02 and a fifty-two week high of C$100.24. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The firm has a market cap of C$116.95 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU - Get Free Report) (NYSE:SU) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. The company had revenue of C$17.50 billion for the quarter. Sell-side analysts anticipate that Suncor Energy Inc. will post 4.4208333 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend




The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 4th. Suncor Energy's dividend payout ratio is currently 31.64%.

Suncor Energy News Roundup

Here are the key news stories impacting Suncor Energy this week:

  • Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating on Suncor. The average price target is C$97.69, although Raymond James and JPMorgan have set higher targets of C$109 and C$114, respectively. The bullish targets may be supporting investor confidence. Suncor Energy receives consensus Moderate Buy recommendation
  • Positive Sentiment: Suncor’s quarterly dividend of C$0.60 per share is scheduled for payment on September 25. The annualized C$2.40 payout represents an approximately 2.5% yield, reinforcing the stock’s income appeal. Suncor Energy dividend and insider transaction report
  • Neutral Sentiment: Two insiders, David Jason Oldreive and Peter Douglas Zebedee, each sold 5,000 shares at C$98, for C$490,000 apiece. The transactions may signal that insiders are taking profits after the recent advance, but the sales are relatively small compared with Suncor’s market capitalization.
  • Negative Sentiment: Additional sales by Peter Douglas Zebedee totaled 4,388 shares at an average C$94.90. Repeated insider selling could weigh on sentiment, though the filings do not establish that the transactions reflect a negative view of Suncor’s business. Peter Douglas Zebedee sells Suncor Energy shares
  • Negative Sentiment: Maintenance activity at Suncor’s operations in the Fort McMurray region has prompted odour complaints. The report does not indicate a production disruption, but the issue introduces limited operational, regulatory and reputational risk. Suncor maintenance triggers odour complaints

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th. BMO Capital Markets upped their price objective on Suncor Energy from C$100.00 to C$105.00 in a research report on Wednesday, August 5th. Desjardins set a C$107.00 price objective on Suncor Energy and gave the company a "buy" rating in a research note on Friday, July 17th. Scotiabank upgraded Suncor Energy to a "strong-buy" rating in a report on Friday, June 26th. Finally, Gerdes Energy Research downgraded Suncor Energy from a "buy" rating to a "neutral" rating and boosted their target price for the company from C$96.00 to C$97.00 in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average target price of C$97.69.

Read Our Latest Research Report on Suncor Energy

Suncor Energy Company Profile

(Get Free Report)

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

Further Reading

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

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