2 weeks Ago By ABMN Staff
Prudential Financial Inc. lifted its position in shares of Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 42,358 shares of the oil and gas producer’s stock after purchasing an additional 7,016 shares during the period. Prudential Financial Inc.’s holdings in Canadian Natural Resources were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in CNQ. Old West Investment Management LLC lifted its holdings in shares of Canadian Natural Resources by 73.9% during the third quarter.
Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after buying an additional 151,237 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Canadian Natural Resources by 49.3% in the 3rd quarter.
Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer’s stock worth $309,000 after purchasing an additional 3,076 shares in the last quarter. Verition Fund Management LLC boosted its holdings in Canadian Natural Resources by 62.1% in the 3rd quarter.
Verition Fund Management LLC now owns 25,088 shares of the oil and gas producer’s stock valued at $833,000 after purchasing an additional 9,610 shares during the period. HighTower Advisors LLC grew its position in shares of Canadian Natural Resources by 24.3% during the 3rd quarter.
HighTower Advisors LLC now owns 181,062 shares of the oil and gas producer’s stock worth $6,016,000 after purchasing an additional 35,417 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Canadian Natural Resources by 0.
9% during the third quarter. Royal London Asset Management Ltd. now owns 755,357 shares of the oil and gas producer’s stock worth $25,085,000 after purchasing an additional 6,556 shares during the period.
74.03% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several brokerages recently issued reports on CNQ.
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 report on Friday, March 7th. Royal Bank of Canada restated an “outperform” rating and issued a $63.
00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Finally, Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th.
Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.
Canadian Natural Resources Stock Performance NYSE:CNQ 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 quick ratio of 0.
53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
The stock’s 50-day simple moving average is $29.86 and its 200 day simple moving average is $32.06.
The firm has a market capitalization of $58.00 billion, a PE ratio of 10.72 and a beta of 1.
10. Canadian Natural Resources Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.
4117 dividend. 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 5.96%.
The ex-dividend date was Friday, March 21st. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 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 Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ). Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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