UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,148,235 shares of the oil and gas producer's stock after selling 15,009 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Canadian Natural Resources worth $35,446,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in shares of Canadian Natural Resources during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian Natural Resources in the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new position in shares of Canadian Natural Resources during the fourth quarter valued at approximately $31,000. Sandy Spring Bank bought a new position in shares of Canadian Natural Resources during the 4th quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust purchased a new stake in Canadian Natural Resources during the fourth quarter worth about $31,000. 74.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CNQ shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Three 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 currently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Trading Down 1.2%

Shares of CNQ traded down $0.38 during trading hours on Friday, reaching $30.39. 3,701,790 shares of the company traded hands, compared to its average volume of 5,525,703. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.51. 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 company's fifty day moving average price is $29.46 and its two-hundred day moving average price is $30.50. The company has a market capitalization of $63.66 billion, a price-to-earnings ratio of 11.80 and a beta of 1.04.

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 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $1.37 earnings per share. Equities research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.4227 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.69 annualized dividend and a yield of 5.56%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio (DPR) is 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).