Stratos Wealth Partners LTD. Trims Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Stratos Wealth Partners LTD. lessened its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,434 shares of the oil and gas producer’s stock after selling 882 shares during the period. Stratos Wealth Partners LTD.’s holdings in Canadian Natural Resources were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Mission Wealth Management LP raised its holdings in shares of Canadian Natural Resources by 3.6% during the third quarter. Mission Wealth Management LP now owns 4,796 shares of the oil and gas producer’s stock worth $310,000 after purchasing an additional 168 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Canadian Natural Resources by 21.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,070 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 187 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Canadian Natural Resources by 2.3% during the first quarter. Raymond James Trust N.A. now owns 8,432 shares of the oil and gas producer’s stock worth $523,000 after purchasing an additional 191 shares during the last quarter. Rothschild Investment LLC IL raised its holdings in shares of Canadian Natural Resources by 1.4% during the third quarter. Rothschild Investment LLC IL now owns 14,926 shares of the oil and gas producer’s stock worth $965,000 after purchasing an additional 200 shares during the last quarter. Finally, Stokes Family Office LLC raised its holdings in shares of Canadian Natural Resources by 2.1% during the third quarter. Stokes Family Office LLC now owns 10,387 shares of the oil and gas producer’s stock worth $672,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.00.

Canadian Natural Resources Stock Down 2.9 %

Shares of NYSE CNQ opened at $79.23 on Monday. The company’s 50-day simple moving average is $70.87 and its 200-day simple moving average is $66.85. Canadian Natural Resources Limited has a 52-week low of $52.66 and a 52-week high of $82.58. The firm has a market cap of $84.95 billion, a price-to-earnings ratio of 14.30 and a beta of 1.54. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.25.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.13. The business had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. Equities analysts predict that Canadian Natural Resources Limited will post 5.52 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.774 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. This represents a $3.10 dividend on an annualized basis and a yield of 3.91%. Canadian Natural Resources’s payout ratio is presently 53.25%.

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).