Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Sequent Planning LLC

Sequent Planning LLC cut its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.5% in the fourth quarter, according to its most recent 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 period. Sequent Planning LLC’s holdings in Canadian Natural Resources were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Canadian Natural Resources by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer’s stock worth $2,778,729,000 after purchasing an additional 456,814 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Canadian Natural Resources in the 4th quarter worth approximately $206,000. Guardian Partners Inc. acquired a new stake in Canadian Natural Resources in the 4th quarter worth approximately $18,536,000. Knights of Columbus Asset Advisors LLC boosted its stake in Canadian Natural Resources by 2.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 214,968 shares of the oil and gas producer’s stock worth $6,636,000 after purchasing an additional 5,055 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Canadian Natural Resources by 152.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 395,809 shares of the oil and gas producer’s stock worth $12,207,000 after purchasing an additional 239,256 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Performance

CNQ opened at $30.33 on Monday. 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 firm has a fifty day moving average price of $30.02 and a 200 day moving average price of $32.21. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The stock has a market cap 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 disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.43%. Canadian Natural Resources’s dividend payout ratio is currently 77.88%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNQ. 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. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Raymond James restated a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Finally, Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

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).