Mariner LLC Boosts Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Mariner LLC raised its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,734 shares of the oil and gas producer’s stock after buying an additional 11,601 shares during the quarter. Mariner LLC’s holdings in Canadian Natural Resources were worth $3,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CNQ. Barclays PLC grew its holdings in Canadian Natural Resources by 23.4% in the third quarter. Barclays PLC now owns 716,670 shares of the oil and gas producer’s stock worth $23,800,000 after purchasing an additional 136,107 shares during the last quarter. Virtu Financial LLC acquired a new position in Canadian Natural Resources during the 3rd quarter valued at about $579,000. Wilmington Savings Fund Society FSB purchased a new stake in Canadian Natural Resources in the third quarter valued at about $37,000. Tidal Investments LLC boosted its holdings in Canadian Natural Resources by 55.0% in the third quarter. Tidal Investments LLC now owns 26,832 shares of the oil and gas producer’s stock worth $891,000 after acquiring an additional 9,526 shares in the last quarter. Finally, Synovus Financial Corp purchased a new stake in shares of Canadian Natural Resources during the third quarter worth about $219,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Stock Down 0.4 %

Canadian Natural Resources stock opened at $28.69 on Tuesday. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. The firm has a market cap of $60.18 billion, a price-to-earnings ratio of 11.14 and a beta of 1.10. The business’s 50-day moving average price is $28.99 and its 200 day moving average price is $31.46. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.4117 per share. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.74%. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. Royal Bank of Canada restated an “outperform” rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average target price of $63.00.

About Canadian Natural Resources

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).