Hartree Partners LP Increases Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Hartree Partners LP raised its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1,378.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the oil and gas producer's stock after acquiring an additional 93,234 shares during the quarter. Canadian Natural Resources comprises 1.1% of Hartree Partners LP's holdings, making the stock its 25th largest position. Hartree Partners LP's holdings in Canadian Natural Resources were worth $3,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Old West Investment Management LLC raised its stake in Canadian Natural Resources by 73.9% in the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer's stock worth $11,822,000 after purchasing an additional 151,237 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Canadian Natural Resources by 49.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer's stock valued at $309,000 after purchasing an additional 3,076 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer's stock worth $300,000 after buying an additional 419 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Canadian Natural Resources by 237.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer's stock valued at $4,787,000 after acquiring an additional 101,430 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Canadian Natural Resources during the 3rd quarter worth $347,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Performance

CNQ traded down $1.03 during trading on Thursday, hitting $30.41. 5,189,954 shares of the company traded hands, compared to its average volume of 7,153,729. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $63.88 billion, a P/E ratio of 11.81 and a beta of 1.48. Canadian Natural Resources Limited has a one year low of $25.62 and a one year high of $41.29. The stock's fifty day moving average is $29.96 and its 200 day moving average is $32.11.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.4117 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.42%. Canadian Natural Resources's dividend payout ratio is presently 77.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNQ shares. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $63.00.

About Canadian Natural Resources

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).