Nebula Research & Development LLC Sells 9,672 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Nebula Research & Development LLC reduced its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 30.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,643 shares of the oil and gas producer's stock after selling 9,672 shares during the quarter. Nebula Research & Development LLC's holdings in Canadian Natural Resources were worth $668,000 at the end of the most recent quarter.

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

Canadian Natural Resources Trading Up 0.2 %

Canadian Natural Resources stock traded up $0.07 during trading hours on Friday, reaching $28.99. 4,351,372 shares of the company's stock traded hands, compared to its average volume of 5,377,907. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $39.20. The firm's 50 day moving average is $28.84 and its 200-day moving average is $31.00. 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 firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 11.26 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.4117 dividend. 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. This represents a $1.65 dividend on an annualized basis and a yield of 5.68%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of recent analyst reports. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus 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).