Ted Buchan & Co Sells 427 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Ted Buchan & Co lessened its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,056 shares of the oil and gas producer’s stock after selling 427 shares during the quarter. Ted Buchan & Co’s holdings in Canadian Natural Resources were worth $619,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in Canadian Natural Resources in the fourth quarter valued at approximately $25,000. Continuum Advisory LLC increased its position in shares of Canadian Natural Resources by 144.1% during the 3rd 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. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources during the 4th quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources during the 4th quarter worth approximately $31,000. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNQ. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Trading Down 7.5 %

Shares of NYSE:CNQ opened at $27.61 on Friday. The stock has a market cap of $58.00 billion, a PE ratio of 10.72 and a beta of 1.48. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month high of $41.29. The business has a 50 day moving average of $29.86 and a 200-day moving average of $32.07.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.4117 per share. 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. This represents a $1.65 annualized dividend and a yield of 5.96%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 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).