Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the oil and gas producer’s stock after selling 10,900 shares during the period. UniSuper Management Pty Ltd’s holdings in Canadian Natural Resources were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNQ. Fifth Third Bancorp raised its stake in 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 valued at $39,000 after buying an additional 429 shares in the last quarter. Assetmark Inc. raised its position in shares of 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. Continuum Advisory LLC lifted its stake in 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 during the last quarter. Global Retirement Partners LLC boosted its holdings in Canadian Natural Resources by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer’s stock worth $370,000 after purchasing an additional 514 shares during the period. Finally, Waterfront Wealth Inc. increased its stake in Canadian Natural Resources by 1.8% during the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer’s stock valued at $930,000 after purchasing an additional 520 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CNQ shares. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Raymond James reissued 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 research note on Monday, February 10th. 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 report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.00.

Canadian Natural Resources Stock Up 0.8 %

Canadian Natural Resources stock opened at $30.79 on Tuesday. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 11.96 and a beta of 1.48. The company’s 50-day moving average price is $29.98 and its two-hundred day moving average price is $32.12. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 77.88%.

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).