PDS Planning Inc Sells 567 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

PDS Planning Inc decreased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,581 shares of the oil and gas producer’s stock after selling 567 shares during the quarter. PDS Planning Inc’s holdings in Canadian Natural Resources were worth $265,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Holocene Advisors LP bought a new stake in Canadian Natural Resources during the third quarter worth about $13,700,000. Principal Securities Inc. grew its position in Canadian Natural Resources by 595.2% during the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer’s stock worth $216,000 after acquiring an additional 5,982 shares during the last quarter. SG Americas Securities LLC increased its holdings in Canadian Natural Resources by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock valued at $9,151,000 after purchasing an additional 17,694 shares in the last quarter. CIBC Asset Management Inc raised its position in Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after purchasing an additional 1,270,945 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Canadian Natural Resources by 87.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock worth $136,994,000 after purchasing an additional 2,064,492 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 2.2 %

CNQ opened at $30.66 on Thursday. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The company has a market cap of $64.40 billion, a price-to-earnings ratio of 11.91 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. The firm has a 50 day simple moving average of $30.10 and a 200 day simple moving average of $32.29.

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 of this dividend is Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.37%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNQ. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Tudor Pickering lowered shares of 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 report on Friday, March 7th. Finally, Royal Bank of Canada lifted their target price on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources 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).