Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 314.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 522,458 shares of the oil and gas producer's stock after acquiring an additional 396,491 shares during the quarter. Bessemer Group Inc.'s holdings in Canadian Natural Resources were worth $16,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian Natural Resources during the fourth quarter worth approximately $25,000. Continuum Advisory LLC increased its stake in shares of Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 490 shares during the period. Hurley Capital LLC bought a new position in Canadian Natural Resources in the fourth quarter valued at approximately $31,000. Finally, Sandy Spring Bank acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several 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. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Trading Up 3.8 %

CNQ traded up $1.03 on Wednesday, hitting $28.38. The company had a trading volume of 1,795,758 shares, compared to its average volume of 5,439,793. The company has a market cap of $59.53 billion, a PE ratio of 11.02 and a beta of 1.10. The business's fifty day simple moving average is $29.14 and its 200 day simple moving average is $31.65. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $39.37. 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 announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.80%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's dividend 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).