Hsbc Holdings PLC Has $31.60 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Hsbc Holdings PLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,024,400 shares of the oil and gas producer’s stock after buying an additional 74,926 shares during the period. Hsbc Holdings PLC’s holdings in Canadian Natural Resources were worth $31,601,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its position in Canadian Natural Resources by 52.8% in the 4th quarter. OneDigital Investment Advisors LLC now owns 31,409 shares of the oil and gas producer’s stock valued at $970,000 after acquiring an additional 10,860 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of Canadian Natural Resources by 1.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 1,821,174 shares of the oil and gas producer’s stock valued at $56,198,000 after purchasing an additional 18,056 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Canadian Natural Resources by 5.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,122,380 shares of the oil and gas producer’s stock valued at $188,421,000 after purchasing an additional 298,448 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Canadian Natural Resources by 1.0% during the fourth quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer’s stock worth $1,699,000 after buying an additional 528 shares in the last quarter. Finally, Natixis acquired a new stake in Canadian Natural Resources in the 4th quarter valued at approximately $307,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 0.2 %

Shares of NYSE:CNQ opened at $29.36 on Friday. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $39.20. The business has a 50 day moving average of $28.91 and a 200-day moving average of $31.33. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $61.59 billion, a PE ratio of 11.40 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Friday, March 21st. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of recent research reports. Raymond James upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” 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).