Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,320 shares of the oil and gas producer’s stock after acquiring an additional 4,622 shares during the period. Maryland State Retirement & Pension System’s holdings in Canadian Natural Resources were worth $6,305,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC lifted its position in shares of Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 419 shares during the last quarter. Fifth Third Bancorp lifted its position in Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. boosted its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Pitcairn Co. grew its holdings in shares of Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after purchasing an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC increased its position 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 worth $28,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $30.66 on Thursday. The business has a 50 day simple moving average of $30.10 and a 200-day simple moving average of $32.29. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $64.40 billion, a PE ratio of 11.91 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. Stockholders of record on Friday, March 21st will be paid a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research analyst reports. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Royal Bank of Canada increased their price objective on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Canadian Natural Resources Company 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).