Deutsche Bank AG Lowers Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Deutsche Bank AG cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,283,121 shares of the oil and gas producer's stock after selling 829,553 shares during the period. Deutsche Bank AG owned 0.11% of Canadian Natural Resources worth $70,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CNQ. Fifth Third Bancorp grew its stake in Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 429 shares during the period. Assetmark Inc. grew 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 purchasing an additional 439 shares during the period. Orion Portfolio Solutions LLC grew its stake in Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after purchasing an additional 497 shares during the period. Global Retirement Partners LLC grew its stake in Canadian Natural Resources by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock worth $370,000 after purchasing an additional 514 shares during the period. Finally, Waterfront Wealth Inc. grew its stake in Canadian Natural Resources by 1.8% in the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after purchasing an additional 520 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CNQ. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Trading Down 0.7%

Shares of CNQ stock traded down $0.22 on Friday, reaching $30.69. 9,276,529 shares of the company's stock were exchanged, compared to its average volume of 5,487,936. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $38.86. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $64.28 billion, a PE ratio of 11.92 and a beta of 1.04. The company's fifty day simple moving average is $29.30 and its 200 day simple moving average is $30.67.

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

Canadian Natural Resources Increases Dividend

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

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).