Suncor Energy (TSE:SU) Insider David Jason Oldreive Sells 5,000 Shares of Stock

Suncor Energy Inc. (TSE:SU) (NYSE:SU) insider David Jason Oldreive sold 5,000 shares of the business’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.

David Jason Oldreive also recently made the following trade(s):

• On Tuesday, September 8th, David Jason Oldreive sold 4,542 shares of Suncor Energy stock. The shares were sold at an average price of C$95.01, for a total value of C$431,535.42.

Suncor Energy Stock Performance

SU opened at C$99.99 on Wednesday. Suncor Energy Inc. has a 12-month low of C$53.02 and a 12-month high of C$100.24. The stock has a market cap 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. The business has a 50 day moving average of C$91.06 and a 200-day moving average of C$87.66. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 30.48.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. Suncor Energy had a return on equity of 19.38% and a net margin of 15.32%.The business had revenue of C$17.50 billion for the quarter. On average, equities research analysts expect that Suncor Energy Inc. will post 4.4208333 earnings per share for the current year.

Suncor Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be issued 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 currently 31.64%.

Key Suncor Energy News

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SU shares. Raymond James Financial raised their target price on shares of Suncor Energy from C$103.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD raised their price objective on shares of Suncor Energy from C$113.00 to C$116.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Desjardins set a C$107.00 price objective on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Gerdes Energy Research cut Suncor Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from C$96.00 to C$97.00 in a 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$97.69.

About Suncor Energy

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.