Mufg Securities Canada LTD. increased its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 70.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,222,661 shares of the oil and gas producer's stock after purchasing an additional 1,334,101 shares during the quarter. Canadian Natural Resources accounts for 3.6% of Mufg Securities Canada LTD.'s portfolio, making the stock its 11th largest position. Mufg Securities Canada LTD. owned about 0.15% of Canadian Natural Resources worth $99,431,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources in the fourth quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $25,000. Continuum Advisory LLC increased its position 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 valued at $28,000 after purchasing an additional 490 shares during the last quarter. Sandy Spring Bank bought a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Canadian Natural Resources in the fourth quarter worth approximately $31,000. Institutional investors own 74.03% of the company's stock.
Canadian Natural Resources Price Performance
CNQ stock traded down $0.40 during trading on Friday, reaching $30.55. The company's stock had a trading volume of 6,077,745 shares, compared to its average volume of 5,517,741. The company's fifty day moving average is $29.98 and its 200-day moving average is $32.14. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The company has a market capitalization of $64.16 billion, a P/E ratio of 11.86 and a beta of 1.48. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
Canadian Natural Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. The ex-dividend date is Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.39%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Raymond James reissued a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $63.00.
View Our Latest Stock Report on Canadian Natural Resources
Canadian Natural Resources Company Profile
(
Free Report)
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).
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