Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,369 shares of the oil and gas producer’s stock after selling 644 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Canadian Natural Resources were worth $937,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $25,000. Continuum Advisory LLC boosted its holdings in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources during the third quarter worth $37,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Royal Bank of Canada increased their target price on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Finally, Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources has an average rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Stock Down 1.6 %

Shares of NYSE CNQ opened at $30.33 on Monday. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 11.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $32.21.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 5.43%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

Canadian Natural Resources 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).