Dividend Assets Capital LLC Reduces Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Dividend Assets Capital LLC reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 305,876 shares of the oil and gas producer’s stock after selling 12,381 shares during the period. Canadian Natural Resources makes up about 1.8% of Dividend Assets Capital LLC’s holdings, making the stock its 19th biggest holding. Dividend Assets Capital LLC’s holdings in Canadian Natural Resources were worth $9,442,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNQ. Investment Management Associates Inc. ADV boosted its holdings in Canadian Natural Resources by 0.4% in the fourth quarter. Investment Management Associates Inc. ADV now owns 246,288 shares of the oil and gas producer’s stock valued at $7,603,000 after purchasing an additional 1,061 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in shares of 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 valued at $930,000 after buying an additional 520 shares during the last quarter. Trinity Legacy Partners LLC grew its position in shares of Canadian Natural Resources by 3.2% during the fourth quarter. Trinity Legacy Partners LLC now owns 93,862 shares of the oil and gas producer’s stock worth $2,898,000 after buying an additional 2,882 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Canadian Natural Resources by 20.0% in the fourth quarter. Cromwell Holdings LLC now owns 5,099 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 851 shares during the last quarter. Finally, Boston Financial Mangement LLC bought a new stake in shares of Canadian Natural Resources in the fourth quarter worth $218,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 2.5 %

CNQ stock opened at $29.98 on Friday. The firm has a market cap of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The firm has a fifty day moving average price of $30.87 and a two-hundred day moving average price of $33.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Analyst Ratings Changes

Several brokerages have weighed in on CNQ. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $62.00.

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).