Wellington Management Group LLP decreased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,790,154 shares of the oil and gas producer's stock after selling 136,051 shares during the period. Wellington Management Group LLP owned about 0.51% of Canadian Natural Resources worth $333,082,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Assenagon Asset Management S.A. lifted its position in shares of Canadian Natural Resources by 6,902.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock valued at $112,763,000 after buying an additional 3,600,686 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian Natural Resources by 31.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock valued at $414,223,000 after acquiring an additional 3,224,548 shares during the period. National Bank of Canada FI lifted its holdings in Canadian Natural Resources by 63.5% during the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer's stock valued at $273,417,000 after purchasing an additional 3,198,007 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after purchasing an additional 2,064,492 shares during the period. Finally, Mufg Securities Canada LTD. increased its stake in shares of Canadian Natural Resources by 70.6% in the fourth quarter. Mufg Securities Canada LTD. now owns 3,222,661 shares of the oil and gas producer's stock worth $99,431,000 after purchasing an additional 1,334,101 shares in the last quarter. 74.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a 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. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $63.00.
Check Out Our Latest Research Report on Canadian Natural Resources
Canadian Natural Resources Price Performance
Canadian Natural Resources stock traded down $2.25 during midday trading on Friday, hitting $27.61. 8,879,222 shares of the company's stock were exchanged, compared to its average volume of 5,504,922. The company has a market cap of $58.00 billion, a P/E ratio of 10.72 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 50-day moving average price of $29.86 and a two-hundred day moving average price of $32.05. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29.
Canadian Natural Resources Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.4117 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.96%. Canadian Natural Resources's payout ratio is presently 77.88%.
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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