Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 35.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,189 shares of the oil and gas producer's stock after selling 31,111 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Canadian Natural Resources were worth $1,765,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after buying an additional 429 shares in the last quarter. Assetmark Inc. lifted its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 439 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Canadian Natural Resources by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after acquiring an additional 497 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Canadian Natural Resources by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after purchasing an additional 514 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its position in shares of Canadian Natural Resources by 1.8% in the 4th quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock valued at $930,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CNQ shares. 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. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. 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. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Finally, Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $30.69 on Friday. The company has a fifty day moving average of $29.30 and a two-hundred day moving average of $30.72. The company has a market capitalization of $64.28 billion, a PE ratio of 11.92 and a beta of 1.04. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $38.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the previous year, the business earned $1.37 EPS. As a group, analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a $0.4227 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's dividend payout ratio is presently 63.92%.

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).

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