Boston Partners Sells 126,998 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Boston Partners trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,916,866 shares of the oil and gas producer’s stock after selling 126,998 shares during the quarter. Boston Partners owned 0.42% of Canadian Natural Resources worth $275,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Old West Investment Management LLC lifted its position in Canadian Natural Resources by 73.9% in the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock valued at $11,822,000 after acquiring an additional 151,237 shares in the last quarter. Empowered Funds LLC lifted its position in Canadian Natural Resources by 8.9% in the 3rd quarter. Empowered Funds LLC now owns 62,831 shares of the oil and gas producer’s stock valued at $2,087,000 after acquiring an additional 5,151 shares in the last quarter. Natixis Advisors LLC lifted its position in Canadian Natural Resources by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 510,330 shares of the oil and gas producer’s stock valued at $16,948,000 after acquiring an additional 61,473 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Canadian Natural Resources by 49.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer’s stock valued at $309,000 after acquiring an additional 3,076 shares in the last quarter. Finally, Verity & Verity LLC bought a new stake in Canadian Natural Resources in the 3rd quarter valued at $8,819,000. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CNQ shares. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research 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 note on Monday, February 10th. Finally, Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Hold” and a consensus price target of $63.00.

Canadian Natural Resources Stock Up 0.4 %

Shares of CNQ stock opened at $29.96 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The firm’s fifty day moving average price is $30.14 and its two-hundred day moving average price is $32.30. The firm has a market capitalization of $62.92 billion, a P/E ratio of 11.63 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.4117 per share. The ex-dividend date is Friday, March 21st. 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 5.50%. Canadian Natural Resources’s payout ratio is currently 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).