MQS Management LLC Has $228,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

MQS Management LLC cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 44.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,372 shares of the oil and gas producer’s stock after selling 5,842 shares during the period. Canadian Natural Resources comprises approximately 6.5% of MQS Management LLC’s investment portfolio, making the stock its 6th biggest position. MQS Management LLC’s holdings in Canadian Natural Resources were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources during the fourth quarter worth $25,000. Continuum Advisory LLC lifted its stake 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 during the last quarter. R Squared Ltd bought a new stake in Canadian Natural Resources during the fourth quarter worth $32,000. Coastline Trust Co bought a new stake in Canadian Natural Resources during the third quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources during the fourth quarter worth $35,000. 74.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNQ. Royal Bank of Canada upped their price target on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $28.33 on Monday. 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 twelve month low of $25.62 and a twelve month high of $41.29. The stock has a fifty day simple moving average of $30.46 and a 200 day simple moving average of $32.67. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis 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 dividend payout ratio is presently 61.87%.

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).