Lindbrook Capital LLC Has $179,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Lindbrook Capital LLC lowered its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.4% during the fourth quarter, Holdings Channel reports. The fund owned 5,790 shares of the oil and gas producer’s stock after selling 532 shares during the quarter. Lindbrook Capital LLC’s holdings in Canadian Natural Resources were worth $179,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 490 shares during the period. R Squared Ltd acquired a new position in Canadian Natural Resources in the 4th quarter valued at approximately $32,000. Coastline Trust Co acquired a new position in Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ stock opened at $28.33 on Friday. 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 company has a market capitalization of $59.56 billion, a price-to-earnings ratio of 11.00 and a beta of 1.48. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The firm has a 50 day moving average of $30.46 and a two-hundred day moving average of $32.71.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.4117 dividend. This represents a $1.65 annualized dividend and a yield of 5.81%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s payout ratio is currently 61.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CNQ. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday. 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 boosted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.00.

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).