Aviso Financial Inc. Has $88.76 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Aviso Financial Inc. boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,875,682 shares of the oil and gas producer's stock after buying an additional 108,602 shares during the period. Canadian Natural Resources makes up 4.5% of Aviso Financial Inc.'s portfolio, making the stock its 3rd largest holding. Aviso Financial Inc. owned 0.14% of Canadian Natural Resources worth $88,763,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of 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. Continuum Advisory LLC raised its stake in 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 worth $28,000 after purchasing an additional 490 shares in the last quarter. R Squared Ltd bought a new stake in Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Canadian Natural Resources during the fourth quarter worth approximately $35,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNQ has been the topic of a number of analyst reports. Raymond James reissued a "market perform" rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Tudor Pickering downgraded 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 increased their price objective 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.00.

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Canadian Natural Resources Trading Up 0.4 %

Shares of Canadian Natural Resources stock traded up $0.13 on Tuesday, hitting $29.96. The stock had a trading volume of 5,680,465 shares, compared to its average volume of 5,028,503. The stock has a 50 day moving average of $30.20 and a 200 day moving average of $32.35. The firm has a market capitalization of $62.92 billion, a P/E ratio of 11.63 and a beta of 1.48. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.4117 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.50%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

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).