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

Suncor Energy Inc. (TSE:SU) (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 transaction 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 stock was sold at an average price of C$94.90, for a total transaction of C$416,421.20.

Suncor Energy Stock Up 4.6%

Shares of SU stock opened at C$99.99 on Wednesday. The company has a debt-to-equity ratio of 30.48, a current ratio of 1.65 and a quick ratio of 0.83. Suncor Energy Inc. has a one year low of C$53.02 and a one year high of C$100.24. The company’s fifty day moving average price is C$91.06 and its 200-day moving average price is C$87.66. The company has a market capitalization of C$116.95 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.15 and a beta of 0.19.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share 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 during the quarter. Sell-side analysts expect that Suncor Energy Inc. will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a $0.60 dividend. 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 payout ratio is presently 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

Analysts Set New Price Targets

SU has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Suncor Energy from C$107.00 to C$114.00 in a research note on Thursday, August 13th. TD upped their price target on Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Raymond James Financial increased their price objective on shares of Suncor Energy from C$103.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Desjardins set a C$107.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$97.69.

Suncor Energy Company Profile

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.