Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,911 shares of the oil and gas producer’s stock after selling 21,332 shares during the quarter. Marietta Investment Partners LLC’s holdings in Canadian Natural Resources were worth $2,436,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in Canadian Natural Resources by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer’s stock worth $1,362,332,000 after purchasing an additional 550,242 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after acquiring an additional 1,383,478 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after acquiring an additional 1,270,945 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Canadian Natural Resources by 31.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer’s stock valued at $414,223,000 after acquiring an additional 3,224,548 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Canadian Natural Resources by 8.1% during the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock valued at $328,807,000 after acquiring an additional 727,798 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Finally, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.00.

Canadian Natural Resources Trading Down 1.6 %

Shares of Canadian Natural Resources stock opened at $30.33 on Friday. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The stock has a 50 day moving average of $30.02 and a 200 day moving average of $32.24. The firm has a market capitalization of $63.70 billion, a price-to-earnings ratio of 11.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources Increases Dividend

The company also recently declared 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. 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 dividend yield of 5.43%. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 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).