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

Suncor Energy Inc. (TSE:SU) (NYSE:SU) declared a quarterly dividend on Tuesday, December 3rd,TickerTech Dividends reports. Shareholders of record on Tuesday, December 24th will be paid 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 an increase from Suncor Energy’s previous quarterly dividend of $0.55.

Suncor Energy Trading Down 0.1 %

Suncor Energy stock opened at C$55.71 on Friday. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$58.28. The stock has a market cap of C$70.75 billion, a P/E ratio of 9.57, a PEG ratio of 0.15 and a beta of 1.47. The firm’s fifty day moving average price is C$54.05 and its 200-day moving average price is C$53.37.

Insider Activity

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction dated 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 stock in a transaction dated 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. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SU shares. UBS Group boosted their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Scotiabank increased their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. TD Securities lifted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$62.32.

About Suncor Energy

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.