Cullen Investment Group LTD. Sells 1,297 Shares of Suncor Energy Inc. (NYSE:SU)

Cullen Investment Group LTD. reduced its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,809 shares of the oil and gas producer’s stock after selling 1,297 shares during the period. Cullen Investment Group LTD.’s holdings in Suncor Energy were worth $1,135,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SU. FNY Investment Advisers LLC bought a new position in Suncor Energy in the 4th quarter valued at about $107,000. Trust Co. of Toledo NA OH grew its holdings in shares of Suncor Energy by 14.4% in the fourth quarter. Trust Co. of Toledo NA OH now owns 22,981 shares of the oil and gas producer’s stock valued at $820,000 after acquiring an additional 2,885 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Suncor Energy by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after acquiring an additional 321 shares during the period. Neville Rodie & Shaw Inc. purchased a new position in Suncor Energy in the fourth quarter worth $223,000. Finally, CWA Asset Management Group LLC increased its position in shares of Suncor Energy by 15.8% during the 4th quarter. CWA Asset Management Group LLC now owns 20,813 shares of the oil and gas producer’s stock valued at $743,000 after purchasing an additional 2,837 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. StockNews.com lowered shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 26th. Finally, Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $39.41 on Tuesday. The company has a 50 day moving average of $38.04 and a 200 day moving average of $38.49. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $49.05 billion, a P/E ratio of 8.59, a P/E/G ratio of 2.43 and a beta of 1.12. Suncor Energy Inc. has a 12 month low of $31.03 and a 12 month high of $41.94.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.15%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is presently 35.08%.

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.