Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 31.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,395,260 shares of the oil and gas producer's stock after selling 626,497 shares during the quarter. Korea Investment CORP owned 0.07% of Canadian Natural Resources worth $43,055,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Old West Investment Management LLC raised its stake in shares of Canadian Natural Resources by 73.9% during the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer's stock worth $11,822,000 after buying an additional 151,237 shares during the period. Thrivent Financial for Lutherans raised its position in 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 acquiring an additional 3,076 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer's stock valued at $300,000 after purchasing an additional 419 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at about $1,520,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Canadian Natural Resources by 237.5% during the third quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer's stock worth $4,787,000 after purchasing an additional 101,430 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Up 1.7 %

Canadian Natural Resources stock traded up $0.52 during trading on Tuesday, reaching $31.32. 3,133,051 shares of the company were exchanged, compared to its average volume of 5,488,976. The stock's 50 day simple moving average is $29.97 and its two-hundred day simple moving average is $32.12. The company has a market capitalization of $65.79 billion, a P/E ratio of 12.16 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.4117 per share. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CNQ shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James restated a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Finally, Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Hold" and an average 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).