Corient Private Wealth LLC Sells 244,529 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Corient Private Wealth LLC lowered its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,629,343 shares of the oil and gas producer’s stock after selling 244,529 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Canadian Natural Resources worth $50,303,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in Canadian Natural Resources during the 4th quarter valued at about $25,000. Continuum Advisory LLC raised its stake 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 buying an additional 490 shares during the last quarter. R Squared Ltd acquired a new position in Canadian Natural Resources in the fourth quarter valued at approximately $32,000. Coastline Trust Co bought a new position in Canadian Natural Resources in the third quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Canadian Natural Resources during the 4th quarter worth $35,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $29.82 on Tuesday. The company has a market cap of $62.63 billion, a P/E ratio of 11.58 and a beta of 1.48. The firm’s fifty day moving average price is $30.20 and its two-hundred day moving average price is $32.35. Canadian Natural Resources Limited has a one year low of $25.62 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.52%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s payout ratio is presently 77.88%.

Analyst Ratings Changes

CNQ has been the subject of a number of recent analyst reports. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Royal Bank of Canada upped their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note 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, Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.00.

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).