Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,073 shares of the oil and gas producer's stock after selling 14,036 shares during the quarter. Commonwealth Equity Services LLC's holdings in Canadian Natural Resources were worth $4,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock worth $112,763,000 after acquiring an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Canadian Natural Resources by 73.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer's stock worth $260,116,000 after buying an additional 3,312,442 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew 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 last quarter. National Bank of Canada FI increased its holdings in Canadian Natural Resources by 63.5% during the 3rd 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 acquiring an additional 3,198,007 shares in the last quarter. Finally, Bank of New York Mellon Corp raised 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 acquiring an additional 2,064,492 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have recently weighed in on CNQ. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday. Finally, Raymond James reissued a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Four research 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 presently has an average rating of "Hold" and an average target price of $63.00.

Canadian Natural Resources Trading Down 1.2 %

Shares of CNQ stock traded down $0.36 during mid-day trading on Thursday, hitting $30.93. 6,618,387 shares of the company's stock were exchanged, compared to its average volume of 7,378,637. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 12.01 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 Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The stock has a 50-day simple moving average of $29.99 and a two-hundred day simple moving average of $32.17.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.4117 dividend. This is a boost 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 5.32%. Canadian Natural Resources's payout ratio is 77.88%.

Canadian Natural Resources Company Profile

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).