Hsbc Holdings PLC Acquires 74,926 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Hsbc Holdings PLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,024,400 shares of the oil and gas producer's stock after acquiring an additional 74,926 shares during the quarter. Hsbc Holdings PLC's holdings in Canadian Natural Resources were worth $31,601,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Canadian Natural Resources by 23.4% in the 3rd quarter. Barclays PLC now owns 716,670 shares of the oil and gas producer's stock valued at $23,800,000 after purchasing an additional 136,107 shares during the last quarter. Virtu Financial LLC acquired a new stake in Canadian Natural Resources during the 3rd quarter worth about $579,000. Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources in the 3rd quarter worth about $37,000. Tidal Investments LLC lifted its stake in shares of Canadian Natural Resources by 55.0% in the 3rd quarter. Tidal Investments LLC now owns 26,832 shares of the oil and gas producer's stock valued at $891,000 after purchasing an additional 9,526 shares during the period. Finally, Synovus Financial Corp bought a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at about $219,000. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded down $0.29 on Tuesday, reaching $29.31. The company's stock had a trading volume of 3,251,167 shares, compared to its average volume of 5,376,605. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $39.20. The stock's 50 day simple moving average is $28.90 and its 200-day simple moving average is $31.19. 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 company has a market capitalization of $61.48 billion, a P/E ratio of 11.38 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The business 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 an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Friday, March 21st. Canadian Natural Resources's payout ratio is currently 77.88%.

Analysts Set New Price Targets

CNQ has been the topic of several research analyst reports. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

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).