Massachusetts Financial Services Co. MA Sells 210,774 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Massachusetts Financial Services Co. MA decreased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,372,509 shares of the oil and gas producer's stock after selling 210,774 shares during the period. Massachusetts Financial Services Co. MA owned about 0.21% of Canadian Natural Resources worth $134,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $25,000. Continuum Advisory LLC raised its stake in shares of 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 period. Sandy Spring Bank purchased a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. Finally, CoreFirst Bank & Trust bought a new position in Canadian Natural Resources in the 4th quarter worth about $31,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Down 6.2 %

CNQ stock traded down $1.73 during midday trading on Thursday, hitting $26.09. The company had a trading volume of 2,571,234 shares, compared to its average volume of 5,562,908. 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 Limited has a 52 week low of $24.65 and a 52 week high of $41.29. The stock has a market cap of $54.80 billion, a price-to-earnings ratio of 10.10 and a beta of 1.10. The stock's 50 day moving average price is $29.44 and its 200 day moving average price is $31.83.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given 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 was Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 6.31%. Canadian Natural Resources's payout ratio is presently 77.88%.

Wall Street Analyst Weigh In

CNQ has been the subject of several recent analyst reports. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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).