Greenline Partners LLC Has $4.36 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Greenline Partners LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,367 shares of the oil and gas producer's stock after buying an additional 8,277 shares during the period. Greenline Partners LLC's holdings in Canadian Natural Resources were worth $4,364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Canadian Natural Resources by 8.7% during the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after purchasing an additional 7,372,718 shares in the last quarter. Principal Securities Inc. lifted its holdings in Canadian Natural Resources by 595.2% in the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock worth $216,000 after buying an additional 5,982 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Canadian Natural Resources by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after acquiring an additional 17,694 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock worth $746,025,000 after acquiring an additional 1,270,945 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Canadian Natural Resources by 87.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after purchasing an additional 2,064,492 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Down 1.6%

Shares of CNQ stock traded down $0.52 on Thursday, hitting $30.89. The company's stock had a trading volume of 2,125,731 shares, compared to its average volume of 5,413,364. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $64.71 billion, a price-to-earnings ratio of 12.01 and a beta of 1.04. The firm's fifty day moving average price is $29.21 and its 200-day moving average price is $30.77. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $38.86.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating 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 company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company posted $1.37 earnings per share. Research analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.4227 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.47%. Canadian Natural Resources's payout ratio is presently 63.92%.

Analyst Ratings Changes

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

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).