Epacria Capital Partners LLC Has $5.59 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Epacria Capital Partners LLC grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 180,964 shares of the oil and gas producer’s stock after buying an additional 25,561 shares during the period. Canadian Natural Resources makes up 4.7% of Epacria Capital Partners LLC’s investment portfolio, making the stock its 7th largest position. Epacria Capital Partners LLC’s holdings in Canadian Natural Resources were worth $5,586,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNQ shares. Royal Bank of Canada restated an “outperform” rating and set a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. 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 raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Finally, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ opened at $28.55 on Wednesday. The firm’s 50-day moving average price is $28.83 and its 200-day moving average price is $30.93. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.20. The company has a market cap of $59.89 billion, a PE ratio of 11.09 and a beta of 1.04. 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 business also recently announced 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. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change 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 5.77%. Canadian Natural Resources’s payout ratio is currently 77.88%.

Canadian Natural Resources 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).