Corient Private Wealth LLC Sells 244,529 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Corient Private Wealth LLC reduced its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,629,343 shares of the oil and gas producer's stock after selling 244,529 shares during the period. Corient Private Wealth LLC owned about 0.08% of Canadian Natural Resources worth $50,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Holocene Advisors LP purchased a new position in shares of Canadian Natural Resources during the 3rd quarter valued at $13,700,000. Principal Securities Inc. boosted its position in Canadian Natural Resources by 595.2% during the fourth quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock valued at $216,000 after purchasing an additional 5,982 shares during the last quarter. SG Americas Securities LLC grew its stake in Canadian Natural Resources by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after purchasing an additional 17,694 shares in the last quarter. CIBC Asset Management Inc increased its position in Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock worth $746,025,000 after purchasing an additional 1,270,945 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Canadian Natural Resources by 87.0% during the 4th 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 in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CNQ has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Raymond James restated a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. 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. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of "Hold" and an average price target of $63.00.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock traded down $0.08 on Friday, reaching $30.33. The stock had a trading volume of 6,981,056 shares, compared to its average volume of 5,120,064. 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 business's 50-day moving average price is $30.07 and its two-hundred day moving average price is $32.28. The stock has a market cap of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given 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 of this dividend is Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a yield of 5.43%. Canadian Natural Resources's payout ratio is currently 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).