Sequoia Financial Advisors LLC Has $763,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Sequoia Financial Advisors LLC decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 60.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,760 shares of the oil and gas producer's stock after selling 37,408 shares during the period. Sequoia Financial Advisors LLC's holdings in Canadian Natural Resources were worth $763,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. boosted its holdings in shares of Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock valued at $159,000 after acquiring an additional 480 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock valued at $2,530,000 after acquiring an additional 497 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Canadian Natural Resources by 8.0% during the first quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock valued at $218,000 after acquiring an additional 525 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Canadian Natural Resources by 1.0% during the fourth quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer's stock valued at $1,699,000 after acquiring an additional 528 shares during the period. Institutional investors own 74.03% of the company's stock.

Analyst Ratings Changes

CNQ has been the subject of several research analyst reports. Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Finally, Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Trading Down 0.5%

CNQ stock traded down $0.17 during mid-day trading on Friday, reaching $32.24. 2,616,468 shares of the stock traded hands, compared to its average volume of 5,795,376. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $37.91. The company has a market cap of $67.44 billion, a P/E ratio of 12.64 and a beta of 1.03. The stock's fifty day moving average is $31.23 and its 200-day moving average is $30.33.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, sell-side analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a $0.4227 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date was Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.24%. Canadian Natural Resources's dividend payout ratio is currently 67.06%.

About Canadian Natural Resources

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).