Fiduciary Trust Co Sells 13,070 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Fiduciary Trust Co decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,302 shares of the oil and gas producer's stock after selling 13,070 shares during the period. Fiduciary Trust Co's holdings in Canadian Natural Resources were worth $5,288,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $30.53 on Friday. The stock has a market cap of $64.04 billion, a PE ratio of 11.86 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $28.98 and its two-hundred day simple moving average is $30.84. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm earned $1.37 EPS. As a group, analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.4227 per share. This represents a $1.69 annualized dividend and a yield of 5.54%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

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).

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