Mariner LLC Has $3.36 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Mariner LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,734 shares of the oil and gas producer's stock after acquiring an additional 11,601 shares during the quarter. Mariner LLC's holdings in Canadian Natural Resources were worth $3,356,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. raised its stake in Canadian Natural Resources by 57.3% during the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after purchasing an additional 497 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Canadian Natural Resources by 4.5% during the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after purchasing an additional 514 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in Canadian Natural Resources by 1.8% in the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after purchasing an additional 520 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up $0.05 during trading hours on Friday, hitting $29.36. The company had a trading volume of 2,844,913 shares, compared to its average volume of 5,383,858. The firm's fifty day moving average is $28.94 and its 200 day moving average is $31.38. 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 firm has a market capitalization of $61.58 billion, a price-to-earnings ratio of 11.39 and a beta of 1.10. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $39.20.

Canadian Natural Resources Increases Dividend

The company 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 a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.61%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNQ shares. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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).