Suncor Energy Inc. (SU) Insider Steven Walter Williams Sells 24,000 Shares of Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider Steven Walter Williams sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of C$41.07, for a total value of C$985,680.00.

Steven Walter Williams also recently made the following trade(s):

  • On Tuesday, February 14th, Steven Walter Williams sold 40,000 shares of Suncor Energy stock. The shares were sold at an average price of C$41.83, for a total value of C$1,673,200.00.
  • On Wednesday, February 15th, Steven Walter Williams sold 90,000 shares of Suncor Energy stock. The shares were sold at an average price of C$42.01, for a total value of C$3,780,900.00.

Shares of Suncor Energy Inc. (TSE:SU) traded down 0.498% during mid-day trading on Monday, reaching $40.945. The company had a trading volume of 1,416,819 shares. Suncor Energy Inc. has a one year low of $32.69 and a one year high of $44.90. The company has a market capitalization of $68.34 billion and a price-to-earnings ratio of 152.212. The company has a 50 day moving average price of $41.28 and a 200 day moving average price of $40.29.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $1.28 annualized dividend and a dividend yield of 3.11%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.29.

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A number of equities research analysts have commented on SU shares. CIBC raised their price objective on Suncor Energy from C$45.00 to C$50.00 in a research note on Wednesday, January 25th. BMO Capital Markets raised their price objective on Suncor Energy from C$50.00 to C$52.00 in a research note on Wednesday, December 21st. Royal Bank of Canada raised their price objective on Suncor Energy from C$47.00 to C$50.00 in a research note on Thursday, December 15th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from C$41.00 to C$50.00 in a research note on Thursday, December 1st. Finally, TD Securities reaffirmed a “buy” rating and set a C$52.00 target price on shares of Suncor Energy in a research report on Friday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of C$47.21.

Suncor Energy Company Profile

Suncor Energy Inc (Suncor) is an 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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