Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,392 shares of the oil and gas producer’s stock after selling 46,804 shares during the quarter. Quantbot Technologies LP’s holdings in Canadian Natural Resources were worth $2,976,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $25,000. Continuum Advisory LLC raised its holdings in 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. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $31,000. Finally, R Squared Ltd acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $30.33 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a market cap of $63.70 billion, a PE ratio of 11.78 and a beta of 1.48. The company’s 50 day simple moving average is $30.02 and its 200-day simple moving average is $32.22. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month high of $41.29.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. The ex-dividend date is Friday, March 21st. This is a positive change 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 5.43%. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

Analysts Set New Price Targets

CNQ has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James restated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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).