Haven Private LLC Invests $304,000 in Canadian Natural Resources Limited (NYSE:CNQ)

Haven Private LLC purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,841 shares of the oil and gas producer's stock, valued at approximately $304,000.

Several other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in shares of Canadian Natural Resources during the fourth quarter valued at about $25,000. Continuum Advisory LLC raised its position in 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 during the last quarter. Coastline Trust Co purchased a new stake in Canadian Natural Resources in the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth approximately $32,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Canadian Natural Resources in the third quarter valued at $37,000. Hedge funds and other institutional investors own 74.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CNQ. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday. Raymond James reissued a "market perform" rating on shares of Canadian Natural Resources in a research report on Friday. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.00.

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Canadian Natural Resources Stock Up 1.1 %

NYSE:CNQ traded up $0.33 during trading hours on Tuesday, reaching $28.71. 6,762,989 shares of the company traded hands, compared to its average volume of 5,032,466. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The stock has a market capitalization of $60.30 billion, a P/E ratio of 11.15 and a beta of 1.48. The business's 50-day moving average price is $30.42 and its two-hundred day moving average price is $32.62. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.4117 dividend. This is a boost 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 5.74%. Canadian Natural Resources's payout ratio is presently 77.88%.

Canadian Natural Resources 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).