Axa S.A. Sells 1,435 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Axa S.A. cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,860 shares of the oil and gas producer’s stock after selling 1,435 shares during the quarter. Axa S.A.’s holdings in Canadian Natural Resources were worth $1,940,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in shares of Canadian Natural Resources during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new position in Canadian Natural Resources during the fourth quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in shares of Canadian Natural Resources in the fourth quarter worth approximately $31,000. CoreFirst Bank & Trust purchased a new stake in shares of Canadian Natural Resources in the fourth quarter worth $31,000. Finally, Hurley Capital LLC purchased a new stake in shares of Canadian Natural Resources in the fourth quarter worth $31,000. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CNQ shares. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Tudor Pickering cut 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 target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Raymond James raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 9th. Finally, Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $30.05 on Friday. The company has a market cap of $63.04 billion, a price-to-earnings ratio of 11.67 and a beta of 1.04. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $39.20. The stock’s 50 day simple moving average is $28.91 and its two-hundred day simple moving average is $30.88. 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 was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.4117 per share. This is an increase 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 dividend on an annualized basis and a yield of 5.48%. Canadian Natural Resources’s dividend payout ratio is presently 77.88%.

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).