2 weeks Ago By Defense World Staff
Prudential Financial Inc. grew its stake in Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ) by 19.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 42,358 shares of the oil and gas producer’s stock after acquiring an additional 7,016 shares during the quarter. Prudential Financial Inc.’s holdings in Canadian Natural Resources were worth $1,307,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CNQ. Fifth Third Bancorp lifted its holdings 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 valued at $39,000 after purchasing an additional 429 shares in the last quarter. Assetmark Inc. boosted its position in 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 worth $37,000 after acquiring an additional 439 shares during the last quarter.
Continuum Advisory LLC grew its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 490 shares in the last quarter.
Global Retirement Partners LLC raised its holdings in shares of 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 valued at $370,000 after purchasing an additional 514 shares during the last quarter.
Finally, Waterfront Wealth Inc. lifted its position in shares of Canadian Natural Resources by 1.8% in the fourth quarter.
Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer’s stock worth $930,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 74.
03% of the company’s stock. Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. 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.
Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th.
Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.
According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.00.
Canadian Natural Resources Price Performance NYSE:CNQ opened at $27.61 on Friday. Canadian Natural Resources Limited has a 12-month low of $25.
62 and a 12-month high of $41.29. The firm has a market capitalization of $58.
00 billion, a price-to-earnings ratio of 10.72 and a beta of 1.10.
The stock’s 50 day moving average price is $29.86 and its two-hundred day moving average price is $32.06.
The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.
21. Canadian Natural Resources Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued 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 of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.
96%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 77.88%.
Canadian Natural Resources Company Profile ( Free Report ) 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). Read More Five stocks we like better than Canadian Natural Resources How Technical Indicators Can Help You Find Oversold Stocks Conagra Stock Could Thrive as Tariffs Hit Other Sectors What is the Nikkei 225 index? Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds What Are Growth Stocks and Investing in Them Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.
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