Fmr LLC Boosts Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

FMR LLC increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,550,104 shares of the oil and gas producer's stock after acquiring an additional 7,372,718 shares during the quarter. FMR LLC owned approximately 4.40% of Canadian Natural Resources worth $2,857,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CNQ. Old West Investment Management LLC increased its stake in shares of Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer's stock worth $11,822,000 after buying an additional 151,237 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Canadian Natural Resources by 49.3% during the third quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer's stock valued at $309,000 after acquiring an additional 3,076 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Canadian Natural Resources by 62.1% during the third quarter. Verition Fund Management LLC now owns 25,088 shares of the oil and gas producer's stock worth $833,000 after purchasing an additional 9,610 shares during the period. HighTower Advisors LLC grew its stake in shares of Canadian Natural Resources by 24.3% in the third quarter. HighTower Advisors LLC now owns 181,062 shares of the oil and gas producer's stock worth $6,016,000 after purchasing an additional 35,417 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in Canadian Natural Resources by 0.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 755,357 shares of the oil and gas producer's stock valued at $25,085,000 after purchasing an additional 6,556 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

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Canadian Natural Resources Stock Up 4.0 %

CNQ traded up $1.04 during trading on Friday, reaching $27.21. The stock had a trading volume of 3,912,656 shares, compared to its average volume of 5,570,115. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $57.07 billion, a price-to-earnings ratio of 10.51 and a beta of 1.10. The stock's 50 day moving average is $29.36 and its two-hundred day moving average is $31.77. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $41.29.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 6.05%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNQ shares. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. 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. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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).