ExodusPoint Capital Management LP Purchases New Position in Canadian Natural Resources Limited (NYSE:CNQ)

ExodusPoint Capital Management LP purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,100 shares of the oil and gas producer's stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in Canadian Natural Resources in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new stake in Canadian Natural Resources during the fourth quarter valued at approximately $25,000. Continuum Advisory LLC boosted its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 490 shares during the last quarter. Sandy Spring Bank purchased a new stake in shares of Canadian Natural Resources in the 4th quarter worth $31,000. Finally, CoreFirst Bank & Trust bought a new position in Canadian Natural Resources in the 4th quarter worth $31,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CNQ shares. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Finally, Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Trading Up 3.7 %

NYSE CNQ traded up $1.01 on Wednesday, hitting $28.36. 1,106,864 shares of the stock were exchanged, compared to its average volume of 5,437,238. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.37. The firm has a market capitalization of $59.50 billion, a P/E ratio of 11.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a fifty day moving average price of $29.14 and a two-hundred day moving average price of $31.65.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.81%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's dividend payout ratio is presently 77.88%.

Canadian Natural Resources Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).