Canadian Natural Resources Limited (NYSE:CNQ) is FIL Ltd's 10th Largest Position

FIL Ltd decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 14.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,243,297 shares of the oil and gas producer's stock after selling 7,215,995 shares during the quarter. Canadian Natural Resources accounts for about 1.2% of FIL Ltd's holdings, making the stock its 10th largest holding. FIL Ltd owned 2.01% of Canadian Natural Resources worth $1,304,225,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC increased its holdings in Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after acquiring an additional 7,372,718 shares in the last quarter. Ruggaard & Associates LLC increased its stake in shares of Canadian Natural Resources by 9.8% during the fourth quarter. Ruggaard & Associates LLC now owns 10,100 shares of the oil and gas producer's stock worth $312,000 after purchasing an additional 900 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $31,000. Old West Investment Management LLC raised its position in shares of Canadian Natural Resources by 11.0% during the 4th quarter. Old West Investment Management LLC now owns 395,161 shares of the oil and gas producer's stock worth $12,199,000 after purchasing an additional 39,178 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Canadian Natural Resources by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 706,198 shares of the oil and gas producer's stock valued at $21,792,000 after buying an additional 66,075 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNQ has been the subject of a number of research analyst reports. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a 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. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Trading Up 3.9 %

Shares of NYSE CNQ traded up $1.01 during trading on Friday, hitting $27.18. 7,524,305 shares of the company were exchanged, compared to its average volume of 5,476,829. 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 Limited has a 12-month low of $24.65 and a 12-month high of $39.79. The company has a fifty day moving average price of $29.29 and a 200-day moving average price of $31.72. The firm has a market capitalization of $57.02 billion, a PE ratio of 10.56 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The company 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. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 6.06%. 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).