Arosa Capital Management LP Has $864,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Arosa Capital Management LP lessened its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the oil and gas producer's stock after selling 28,000 shares during the quarter. Arosa Capital Management LP's holdings in Canadian Natural Resources were worth $864,000 at the end of the most recent quarter.

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

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ traded down $0.62 during mid-day trading on Wednesday, hitting $28.70. The company had a trading volume of 6,015,074 shares, compared to its average volume of 5,390,749. 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 business's 50-day simple moving average is $28.87 and its 200-day simple moving average is $31.18. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $39.20. The firm has a market cap of $60.20 billion, a P/E ratio of 11.15 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CNQ. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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).