TD Waterhouse Canada Inc. lifted its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,122,380 shares of the oil and gas producer's stock after buying an additional 298,448 shares during the period. Canadian Natural Resources makes up 1.5% of TD Waterhouse Canada Inc.'s holdings, making the stock its 15th largest position. TD Waterhouse Canada Inc. owned about 0.29% of Canadian Natural Resources worth $188,421,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CNQ. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $25,000. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth approximately $31,000. CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth approximately $31,000. Finally, Hurley Capital LLC acquired a new stake in Canadian Natural Resources during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.03% of the company's stock.
Canadian Natural Resources Stock Up 0.2 %
Shares of Canadian Natural Resources stock traded up $0.05 during midday trading on Friday, hitting $29.36. The company's stock had a trading volume of 3,750,760 shares, compared to its average volume of 5,384,904. The firm has a market capitalization of $61.59 billion, a P/E ratio of 11.40 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $28.94 and a 200-day simple moving average of $31.38. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $39.20.
Canadian Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.4117 dividend. The ex-dividend date was Friday, March 21st. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.61%. Canadian Natural Resources's dividend payout ratio is 77.88%.
Wall Street Analyst Weigh In
CNQ has been the topic of several research reports. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.00.
Read Our Latest Research Report on CNQ
Canadian Natural Resources Company Profile
(
Free Report)
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).
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