Sequent Planning LLC Reduces Position in Canadian Natural Resources Limited (NYSE:CNQ)

Sequent Planning LLC decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,014 shares of the oil and gas producer’s stock after selling 403 shares during the quarter. Sequent Planning LLC’s holdings in Canadian Natural Resources were worth $834,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of Canadian Natural Resources during the fourth quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian Natural Resources during the fourth quarter worth $25,000. Continuum Advisory LLC grew its holdings in shares of 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 buying an additional 490 shares in the last quarter. Sandy Spring Bank purchased a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $31,000. Finally, R Squared Ltd purchased a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Canadian Natural Resources Trading Down 1.6 %

NYSE CNQ opened at $30.33 on Monday. The firm’s 50-day moving average is $30.02 and its two-hundred day moving average is $32.21. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.4117 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a yield of 5.43%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio is presently 77.88%.

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).