Capital International Sarl lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 446,400 shares of the oil and gas producer's stock after buying an additional 41,240 shares during the period. Capital International Sarl's holdings in Canadian Natural Resources were worth $13,775,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in shares of Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 429 shares during the period. Assetmark Inc. lifted its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 439 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock valued at $2,530,000 after buying an additional 497 shares during the period. Global Retirement Partners LLC grew its stake in shares of Canadian Natural Resources by 4.5% during the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after buying an additional 514 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in shares of Canadian Natural Resources by 1.8% in the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.
Canadian Natural Resources Price Performance
Shares of Canadian Natural Resources stock traded down $0.36 on Wednesday, reaching $28.96. The company's stock had a trading volume of 2,724,157 shares, compared to its average volume of 5,396,352. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.20. The company has a market capitalization of $60.75 billion, a P/E ratio of 11.25 and a beta of 1.10. 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 stock has a 50-day moving average price of $28.97 and a 200-day moving average price of $31.44.
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 paid a $0.4117 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is currently 77.88%.
Wall Street Analyst Weigh In
CNQ has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price objective 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 research report on Monday, February 10th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.
Read Our Latest Report on CNQ
About Canadian Natural Resources
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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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