Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Mariner LLC

Mariner LLC grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 11.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 108,734 shares of the oil and gas producer’s stock after acquiring an additional 11,601 shares during the quarter. Mariner LLC’s holdings in Canadian Natural Resources were worth $3,356,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC raised its position in Canadian Natural Resources by 8.7% during the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer’s stock worth $2,857,337,000 after acquiring an additional 7,372,718 shares during the period. Assenagon Asset Management S.A. lifted its stake in Canadian Natural Resources by 6,902.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after buying an additional 3,600,686 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Canadian Natural Resources by 31.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer’s stock worth $414,223,000 after buying an additional 3,224,548 shares during the last quarter. Geode Capital Management LLC increased its stake in Canadian Natural Resources by 30.1% during the 4th quarter. Geode Capital Management LLC now owns 12,708,163 shares of the oil and gas producer’s stock worth $400,222,000 after buying an additional 2,939,866 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock valued at $136,994,000 after acquiring an additional 2,064,492 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on CNQ shares. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 9th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $28.69 on Tuesday. The company’s 50-day moving average is $28.99 and its two-hundred day moving average is $31.46. The firm has a market capitalization of $60.18 billion, a price-to-earnings ratio of 11.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $39.20.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.4117 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.74%. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

About Canadian Natural Resources

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).