Canadian Natural Resources Limited (NYSE:CNQ) Holdings Lifted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,038 shares of the oil and gas producer's stock after purchasing an additional 17,883 shares during the period. CIBC Private Wealth Group LLC's holdings in Canadian Natural Resources were worth $1,992,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Canadian Natural Resources by 6,902.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock worth $112,763,000 after buying an additional 3,600,686 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $414,223,000 after acquiring an additional 3,224,548 shares in the last quarter. National Bank of Canada FI lifted its stake in Canadian Natural Resources by 63.5% during the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer's stock worth $273,417,000 after purchasing an additional 3,198,007 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Canadian Natural Resources by 87.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after purchasing an additional 2,064,492 shares during the period. Finally, Mufg Securities Canada LTD. boosted its holdings in Canadian Natural Resources by 70.6% in the fourth quarter. Mufg Securities Canada LTD. now owns 3,222,661 shares of the oil and gas producer's stock worth $99,431,000 after purchasing an additional 1,334,101 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CNQ shares. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Raymond James restated a "market perform" rating on shares of Canadian Natural Resources in a research note 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Hold" and a consensus target price of $63.00.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded down $0.99 during trading hours on Monday, hitting $26.60. The stock had a trading volume of 8,612,559 shares, compared to its average volume of 5,517,305. 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's fifty day simple moving average is $29.77 and its 200 day simple moving average is $32.00. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 10.33 and a beta of 1.10. Canadian Natural Resources Limited has a 1-year low of $25.62 and a 1-year high of $41.29.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.4117 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 6.19%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's payout ratio 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).