Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,135,562 shares of the oil and gas producer's stock after selling 300,000 shares during the period. Swiss National Bank owned 0.29% of Canadian Natural Resources worth $189,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kingsview Wealth Management LLC boosted its stake in shares of 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 worth $300,000 after buying an additional 419 shares during the period. Fifth Third Bancorp raised its stake in Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. lifted its position 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 worth $37,000 after acquiring an additional 439 shares during the period. Pitcairn Co. grew its stake in shares of Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer's stock valued at $1,209,000 after purchasing an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of Canadian Natural Resources by 144.1% in the third 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. 74.03% of the stock is owned by hedge funds and other institutional investors.

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Canadian Natural Resources Price Performance

Shares of NYSE:CNQ traded up $0.41 on Monday, reaching $29.82. 5,879,201 shares of the company were exchanged, compared to its average volume of 5,026,079. 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 1-year low of $25.62 and a 1-year high of $41.29. The company has a 50-day moving average of $30.25 and a 200-day moving average of $32.40. The firm has a market cap of $62.63 billion, a price-to-earnings ratio of 11.58 and a beta of 1.48.

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 given a dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.52%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CNQ shares. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Raymond James reiterated a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Finally, Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.00.

Canadian Natural Resources Company 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).