Canadian Natural Resources Limited (NYSE:CNQ) Holdings Trimmed by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 40,500 shares of the oil and gas producer’s stock after selling 10,900 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Canadian Natural Resources were worth $1,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Canadian Natural Resources by 4.5% during the 4th quarter. JPMorgan Chase & Co. now owns 13,893,962 shares of the oil and gas producer’s stock worth $428,907,000 after acquiring an additional 603,314 shares in the last quarter. Mufg Securities Canada LTD. lifted its holdings in shares of Canadian Natural Resources by 70.6% during the fourth quarter. Mufg Securities Canada LTD. now owns 3,222,661 shares of the oil and gas producer’s stock valued at $99,431,000 after purchasing an additional 1,334,101 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at $643,000. GQG Partners LLC purchased a new position in Canadian Natural Resources in the 4th quarter worth about $5,689,000. Finally, CoreFirst Bank & Trust acquired a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on CNQ shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Canadian Natural Resources Trading Up 0.8 %

Canadian Natural Resources stock opened at $30.79 on Tuesday. 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 Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The company’s fifty day simple moving average is $29.98 and its 200-day simple moving average is $32.12. The stock has a market cap of $64.68 billion, a P/E ratio of 11.96 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The company 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 is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources’s dividend payout ratio is presently 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).