Commonwealth Equity Services LLC Has $4.63 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Commonwealth Equity Services LLC cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,073 shares of the oil and gas producer’s stock after selling 14,036 shares during the period. Commonwealth Equity Services LLC’s holdings in Canadian Natural Resources were worth $4,633,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in Canadian Natural Resources during the 4th quarter worth approximately $25,000. Continuum Advisory LLC raised 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 valued at $28,000 after acquiring an additional 490 shares during the last quarter. R Squared Ltd acquired a new position in shares of Canadian Natural Resources during the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Canadian Natural Resources in the fourth quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources in the third quarter valued at $37,000. 74.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CNQ shares. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada upped 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 note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and an average target price of $63.00.

Canadian Natural Resources Trading Down 1.6 %

NYSE CNQ opened at $30.33 on Monday. The stock has a market capitalization of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. The business has a 50 day simple moving average of $30.02 and a 200 day simple moving average of $32.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a one year low of $25.62 and a one year high of $41.29.

Canadian Natural Resources Increases Dividend

The business also recently disclosed 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 is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.43%. Canadian Natural Resources’s dividend payout ratio (DPR) is 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).