Advisory Services Network LLC Has $337,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Advisory Services Network LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,913 shares of the oil and gas producer’s stock after acquiring an additional 1,736 shares during the quarter. Advisory Services Network LLC’s holdings in Canadian Natural Resources were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNQ. Duncker Streett & Co. Inc. acquired a new position in shares of Canadian Natural Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $25,000. Sandy Spring Bank acquired a new position in Canadian Natural Resources in the 4th quarter valued at about $31,000. CoreFirst Bank & Trust bought a new position in Canadian Natural Resources in the 4th quarter valued at about $31,000. Finally, Hurley Capital LLC acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $31,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Canadian Natural Resources Stock Up 2.3 %

Shares of NYSE CNQ opened at $28.82 on Friday. The stock has a market capitalization of $60.45 billion, a P/E ratio of 11.19 and a beta of 1.10. The stock’s fifty day moving average is $29.06 and its 200 day moving average is $31.59. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. 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 announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.4117 dividend. The ex-dividend date was Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.72%. Canadian Natural Resources’s payout ratio is presently 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).