Hurley Capital LLC Makes New $31,000 Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Hurley Capital LLC purchased a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 990 shares of the oil and gas producer’s stock, valued at approximately $31,000.

A number of other institutional investors have also modified their holdings of CNQ. Fifth Third Bancorp boosted its position in shares of 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 worth $39,000 after acquiring an additional 429 shares in the last quarter. Assetmark Inc. increased its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 439 shares during the last quarter. Continuum Advisory LLC raised its holdings 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 in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Canadian Natural Resources by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer’s stock worth $2,530,000 after buying an additional 497 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Canadian Natural Resources by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer’s stock valued at $370,000 after buying an additional 514 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research reports. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. 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, March 27th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. 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. Finally, Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Trading Down 7.5 %

Shares of CNQ stock opened at $27.61 on Friday. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $29.86 and its two-hundred day moving average is $32.06. The company has a market capitalization of $58.00 billion, a P/E ratio of 10.72 and a beta of 1.10.

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 dividend of $0.4117 per share. The ex-dividend date was Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a yield of 5.96%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio is presently 77.88%.

About Canadian Natural Resources

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).