Stifel Financial Corp Lowers Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Stifel Financial Corp lessened its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,276 shares of the oil and gas producer's stock after selling 44,336 shares during the quarter. Stifel Financial Corp's holdings in Canadian Natural Resources were worth $6,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new stake in Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Sandy Spring Bank acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $31,000. Finally, Hurley Capital LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CNQ. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. 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. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Price Performance

CNQ stock opened at $29.61 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.20. The stock's 50 day moving average is $28.90 and its two-hundred day moving average is $31.19. The company has a market capitalization of $62.11 billion, a PE ratio of 11.50 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.4117 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.56%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

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).

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