Anson Funds Management LP Has $926,000 Position in Canadian Natural Resources Limited (NYSE:CNQ)

Anson Funds Management LP cut its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 70.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the oil and gas producer's stock after selling 70,000 shares during the quarter. Anson Funds Management LP's holdings in Canadian Natural Resources were worth $926,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Duncker Streett & Co. Inc. bought a new position in Canadian Natural Resources in the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian Natural Resources during the fourth quarter worth approximately $25,000. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the 4th quarter worth approximately $31,000. CoreFirst Bank & Trust bought a new stake in Canadian Natural Resources in the 4th quarter valued at $31,000. Finally, Hurley Capital LLC acquired a new position in Canadian Natural Resources in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ traded down $1.01 during trading hours on Monday, hitting $28.00. 5,065,159 shares of the stock were exchanged, compared to its average volume of 5,377,957. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $39.20. The company has a market cap of $58.73 billion, a PE ratio of 10.87 and a beta of 1.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company's fifty day simple moving average is $28.83 and its two-hundred day simple moving average is $30.95.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.4117 dividend. This is a positive change 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 dividend yield of 5.88%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNQ shares. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Three 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

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).