Suncor Energy Inc. (TSE:SU) to Issue Quarterly Dividend of $0.57

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, December 3rd,TickerTech Dividends reports. Investors of record on Tuesday, December 24th will be given a dividend of 0.57 per share on Tuesday, December 24th. This represents a $2.28 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.55.

Suncor Energy Trading Down 0.1 %

TSE:SU opened at C$55.71 on Monday. The stock has a market cap of C$70.75 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$58.28. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The stock’s 50-day moving average is C$54.05 and its two-hundred day moving average is C$53.36.

Insiders Place Their Bets

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James increased their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. Scotiabank upped their target price on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Jefferies Financial Group reduced their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, TD Securities lifted their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$62.32.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.