Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,200,099 shares of the oil and gas producer's stock after purchasing an additional 126,375 shares during the period. Price T Rowe Associates Inc. MD owned 0.34% of Canadian Natural Resources worth $222,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp increased its position in shares of Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 429 shares during the last quarter. Assetmark Inc. raised its stake in Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 439 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after acquiring an additional 497 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Canadian Natural Resources by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after acquiring an additional 514 shares during the period. Finally, Waterfront Wealth Inc. grew its holdings in shares of Canadian Natural Resources by 1.8% during the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock valued at $930,000 after purchasing an additional 520 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Stock Performance

CNQ stock traded up $0.27 on Monday, reaching $29.61. The company's stock had a trading volume of 3,142,841 shares, compared to its average volume of 5,384,449. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. The company has a market capitalization of $62.11 billion, a P/E ratio of 11.50 and a beta of 1.10. The firm has a fifty day moving average of $28.90 and a two-hundred day moving average of $31.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 5.56%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 21st. Canadian Natural Resources's dividend payout ratio is 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).