Boston Partners Has $275.57 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Boston Partners reduced its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,916,866 shares of the oil and gas producer's stock after selling 126,998 shares during the period. Boston Partners owned approximately 0.42% of Canadian Natural Resources worth $275,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Canadian Natural Resources by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock worth $1,362,332,000 after purchasing an additional 550,242 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer's stock valued at $945,965,000 after purchasing an additional 1,383,478 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock valued at $746,025,000 after purchasing an additional 1,270,945 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Canadian Natural Resources by 31.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock valued at $414,223,000 after purchasing an additional 3,224,548 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Canadian Natural Resources by 8.1% during the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer's stock worth $328,807,000 after buying an additional 727,798 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

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Canadian Natural Resources Trading Down 1.6 %

Shares of CNQ traded down $0.49 during trading hours on Friday, hitting $30.33. The stock had a trading volume of 10,510,661 shares, compared to its average volume of 5,131,722. The company's fifty day simple moving average is $30.02 and its 200 day simple moving average is $32.22. The firm has a market cap of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month high of $41.29.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 5.43%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources's dividend payout ratio is 77.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report 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. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of "Hold" and a consensus target price 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).