13,235 Shares in Suncor Energy Inc. $SU Purchased by Ruggaard & Associates LLC

Ruggaard & Associates LLC bought a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,235 shares of the oil and gas producer’s stock, valued at approximately $710,000.

Several other hedge funds have also bought and sold shares of SU. Versant Capital Management Inc increased its stake in shares of Suncor Energy by 418.9% during the second quarter. Versant Capital Management Inc now owns 493 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 398 shares in the last quarter. 1 North Wealth Services LLC bought a new stake in shares of Suncor Energy in the 4th quarter worth approximately $32,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Suncor Energy in the 1st quarter worth approximately $53,000. Headlands Technologies LLC purchased a new stake in shares of Suncor Energy in the 2nd quarter worth approximately $31,000. Finally, Accent Capital Management LLC increased its position in Suncor Energy by 37.5% during the 4th quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Performance

SU stock opened at $66.43 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.65 and a quick ratio of 1.08. Suncor Energy Inc. has a 1 year low of $37.76 and a 1 year high of $70.29. The company has a market cap of $78.44 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.47 and a beta of 0.30. The stock’s fifty day moving average price is $61.73 and its 200-day moving average price is $62.03.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its earnings results on Tuesday, August 4th. The oil and gas producer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.19. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.The company had revenue of $13.41 billion for the quarter, compared to the consensus estimate of $11.68 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, equities analysts forecast that Suncor Energy Inc. will post 7.39 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. Suncor Energy’s dividend payout ratio is presently 32.04%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SU shares. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. Morgan Stanley set a $106.00 price target on Suncor Energy in a report on Wednesday, August 19th. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Friday, June 5th. Desjardins upgraded shares of Suncor Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.