Northwest & Ethical Investments L.P. Raises Position in Canadian Natural Resources Limited (NYSE:CNQ)

Northwest & Ethical Investments L.P. grew its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,913 shares of the oil and gas producer's stock after buying an additional 10,897 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Canadian Natural Resources were worth $13,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CNQ. Fisher Asset Management LLC increased its holdings in Canadian Natural Resources by 1.3% in the fourth 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake in Canadian Natural Resources by 5.1% in the third 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 in the last quarter. CIBC Asset Management Inc increased its position 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 buying an additional 1,270,945 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian Natural Resources by 31.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock worth $414,223,000 after buying an additional 3,224,548 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Canadian Natural Resources by 8.1% in the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer's stock valued at $328,807,000 after buying an additional 727,798 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

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Canadian Natural Resources Stock Up 1.4 %

Shares of CNQ stock traded up $0.43 during mid-day trading on Monday, hitting $30.76. The company's stock had a trading volume of 9,342,937 shares, compared to its average volume of 5,148,567. The business has a 50-day moving average price of $30.00 and a 200 day moving average price of $32.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a market cap of $64.60 billion, a price-to-earnings ratio of 11.94 and a beta of 1.48. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.35%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analyst Ratings Changes

Several research firms have recently issued reports on CNQ. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Raymond James reiterated a "market perform" rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.00.

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).