Janus Henderson Group PLC Trims Position in Canadian Natural Resources Limited (NYSE:CNQ)

Janus Henderson Group PLC cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,801,982 shares of the oil and gas producer's stock after selling 1,246,967 shares during the period. Janus Henderson Group PLC owned 0.37% of Canadian Natural Resources worth $240,852,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Trading Up 1.6%

NYSE CNQ opened at $30.53 on Monday. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.86. The stock has a market cap of $63.95 billion, a P/E ratio of 11.86 and a beta of 1.04. The stock's fifty day moving average price is $28.98 and its 200-day moving average price is $30.78. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its 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 firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, equities 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. Stockholders of record on Friday, June 13th will be paid a $0.4227 dividend. This is a boost 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 5.54%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's dividend payout ratio is currently 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).

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