HUB Investment Partners LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,213 shares of the oil and gas producer's stock after buying an additional 15,092 shares during the period. HUB Investment Partners LLC's holdings in Canadian Natural Resources were worth $6,551,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Old West Investment Management LLC increased its stake in shares of Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer's stock valued at $11,822,000 after buying an additional 151,237 shares in the last quarter. Empowered Funds LLC increased its position in Canadian Natural Resources by 8.9% in the 3rd quarter. Empowered Funds LLC now owns 62,831 shares of the oil and gas producer's stock valued at $2,087,000 after acquiring an additional 5,151 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Canadian Natural Resources by 13.7% in the third quarter. Natixis Advisors LLC now owns 510,330 shares of the oil and gas producer's stock worth $16,948,000 after acquiring an additional 61,473 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Canadian Natural Resources by 49.3% during the third quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer's stock worth $309,000 after purchasing an additional 3,076 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Canadian Natural Resources by 1.6% during the third quarter. PNC Financial Services Group Inc. now owns 82,310 shares of the oil and gas producer's stock valued at $2,734,000 after purchasing an additional 1,306 shares during the last quarter. 74.03% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CNQ has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. 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 upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. 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. Finally, Raymond James reaffirmed 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 stock. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of "Hold" and a consensus price target of $63.00.
View Our Latest Stock Report on CNQ
Canadian Natural Resources Trading Up 1.4 %
Shares of Canadian Natural Resources stock traded up $0.43 during trading on Monday, reaching $30.76. 9,342,937 shares of the company were exchanged, compared to its average volume of 5,148,567. The business has a 50-day moving average price of $30.00 and a 200-day moving average price of $32.19. The firm has a market capitalization of $64.60 billion, a price-to-earnings ratio of 11.94 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 twelve month low of $25.62 and a twelve month high of $41.29.
Canadian Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.4117 dividend. The ex-dividend date is Friday, March 21st. This is a boost 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 5.35%. Canadian Natural Resources's dividend payout ratio is 77.88%.
Canadian Natural Resources Profile
(
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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