Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Hartree Partners LP

Hartree Partners LP increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1,378.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the oil and gas producer’s stock after acquiring an additional 93,234 shares during the quarter. Canadian Natural Resources makes up about 1.1% of Hartree Partners LP’s portfolio, making the stock its 25th biggest holding. Hartree Partners LP’s holdings in Canadian Natural Resources were worth $3,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources during the fourth quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian Natural Resources during the 4th quarter worth $25,000. Continuum Advisory LLC grew its stake in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares in the last quarter. Sandy Spring Bank purchased a new position in Canadian Natural Resources in the fourth quarter valued at $31,000. Finally, CoreFirst Bank & Trust acquired a new stake in Canadian Natural Resources in the fourth quarter valued at $31,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 1.3 %

Canadian Natural Resources stock opened at $30.55 on Friday. The stock has a 50 day moving average of $29.98 and a two-hundred day moving average of $32.14. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. The stock has a market capitalization of $64.16 billion, a price-to-earnings ratio of 11.86 and a beta of 1.48. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.4117 dividend. The ex-dividend date is Friday, March 21st. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.39%. Canadian Natural Resources’s payout ratio is 77.88%.

Wall Street Analyst Weigh In

CNQ has been the topic of a number of recent analyst reports. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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).