Mariner LLC Buys 11,601 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Mariner LLC raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,734 shares of the oil and gas producer's stock after purchasing an additional 11,601 shares during the period. Mariner LLC's holdings in Canadian Natural Resources were worth $3,356,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Canadian Natural Resources by 23.4% in the 3rd quarter. Barclays PLC now owns 716,670 shares of the oil and gas producer's stock worth $23,800,000 after acquiring an additional 136,107 shares during the period. Virtu Financial LLC acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at about $579,000. Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources in the third quarter worth about $37,000. Tidal Investments LLC lifted its position in shares of Canadian Natural Resources by 55.0% during the 3rd quarter. Tidal Investments LLC now owns 26,832 shares of the oil and gas producer's stock worth $891,000 after purchasing an additional 9,526 shares during the last quarter. Finally, Synovus Financial Corp bought a new stake in Canadian Natural Resources during the 3rd quarter valued at approximately $219,000. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

CNQ stock traded up $0.05 during midday trading on Friday, hitting $29.36. The stock had a trading volume of 3,750,877 shares, compared to its average volume of 5,384,673. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $28.91 and a 200 day simple moving average of $31.33. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 11.40 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.4117 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's payout ratio is 77.88%.

Wall Street Analysts Forecast Growth

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

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).