2 weeks Ago By ABMN Staff
Federated Hermes Inc. trimmed its position in shares of Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 7,150 shares of the oil and gas producer’s stock after selling 1,066 shares during the period. Federated Hermes Inc.’s holdings in Canadian Natural Resources were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc.
purchased a new position in shares of Canadian Natural Resources in the 4th quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in Canadian Natural Resources during the fourth quarter worth approximately $25,000.
Hurley Capital LLC purchased a new stake in Canadian Natural Resources during the fourth quarter valued at approximately $31,000. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $31,000.
74.03% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of research analysts have weighed in on CNQ shares.
Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Raymond James upgraded 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 issued a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $63.
00. Canadian Natural Resources Stock Up 2.3 % Shares of NYSE:CNQ opened at $28.
82 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.
84 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $29.
02 and its 200 day moving average is $31.55. The stock has a market cap of $60.
45 billion, a P/E ratio of 11.19 and a beta of 1.10.
Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.20.
Canadian Natural Resources Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.4117 per share.
This represents a $1.65 annualized dividend and a yield of 5.72%.
This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st.
Canadian Natural Resources’s dividend payout ratio is presently 77.88%. About Canadian Natural Resources ( Free Report ) 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). See Also Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ).
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