Sagefield Capital LP Sells 42,455 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Sagefield Capital LP decreased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 316,313 shares of the oil and gas producer's stock after selling 42,455 shares during the quarter. Canadian Natural Resources comprises 1.1% of Sagefield Capital LP's investment portfolio, making the stock its 25th largest holding. Sagefield Capital LP's holdings in Canadian Natural Resources were worth $9,765,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 429 shares in the last quarter. Assetmark Inc. raised its stake in shares of Canadian Natural Resources by 57.3% in the 4th 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 in the last quarter. Orion Portfolio Solutions LLC boosted its position in 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 worth $2,530,000 after purchasing an additional 497 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Canadian Natural Resources by 4.5% during the 4th quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock worth $370,000 after buying an additional 514 shares during the period. Finally, Waterfront Wealth Inc. lifted its position in Canadian Natural Resources by 1.8% during the 4th quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded up $0.02 during trading on Thursday, reaching $30.75. The company's stock had a trading volume of 1,701,457 shares, compared to its average volume of 5,516,833. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $38.86. The stock has a 50-day moving average price of $29.40 and a two-hundred day moving average price of $30.65. 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 market capitalization of $64.40 billion, a P/E ratio of 11.92 and a beta of 1.04.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released 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 net margin of 18.45% and a return on equity of 20.07%. The business 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 earned $1.37 earnings per share. As a group, sell-side analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS 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. Investors of record on Friday, June 13th will be issued a $0.4227 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's dividend payout ratio is currently 63.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CNQ shares. 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price objective 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 upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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).