Quantbot Technologies LP decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 32.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,392 shares of the oil and gas producer's stock after selling 46,804 shares during the period. Quantbot Technologies LP's holdings in Canadian Natural Resources were worth $2,976,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. bought a new position in shares of Canadian Natural Resources in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new position in Canadian Natural Resources in the 4th quarter valued at $25,000. Continuum Advisory LLC grew 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 in the last quarter. Sandy Spring Bank bought a new position in Canadian Natural Resources in the 4th quarter worth about $31,000. Finally, R Squared Ltd bought a new position in shares of Canadian Natural Resources in the fourth quarter worth approximately $32,000. Institutional investors own 74.03% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.00.
Read Our Latest Research Report on Canadian Natural Resources
Canadian Natural Resources Trading Down 1.2 %
CNQ stock traded down $0.36 during midday trading on Thursday, hitting $30.93. The company had a trading volume of 6,618,387 shares, compared to its average volume of 5,179,160. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 12.01 and a beta of 1.48. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average price is $29.99 and its 200 day moving average price is $32.17.
Canadian Natural Resources Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.4117 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources's dividend payout ratio is currently 77.88%.
Canadian Natural Resources Company Profile
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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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