GQG Partners LLC Buys Shares of 184,371 Canadian Natural Resources Limited (NYSE:CNQ)

GQG Partners LLC acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 184,371 shares of the oil and gas producer's stock, valued at approximately $5,689,000.

Other hedge funds have also modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at $31,000. Prudential Financial Inc. boosted its holdings in shares of Canadian Natural Resources by 19.9% in the fourth quarter. Prudential Financial Inc. now owns 42,358 shares of the oil and gas producer's stock worth $1,307,000 after buying an additional 7,016 shares during the period. Vanguard Group Inc. increased its position in shares of Canadian Natural Resources by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer's stock worth $2,778,729,000 after acquiring an additional 456,814 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Canadian Natural Resources in the fourth quarter worth approximately $206,000. Finally, Guardian Partners Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at approximately $18,536,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNQ has been the subject of a number of recent analyst reports. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Raymond James reiterated a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.00.

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Canadian Natural Resources Stock Down 1.3 %

Shares of NYSE:CNQ traded down $0.40 during midday trading on Friday, hitting $30.55. 6,077,745 shares of the stock were exchanged, compared to its average volume of 5,517,741. The company has a market capitalization of $64.16 billion, a PE ratio of 11.86 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. 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 business's fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $32.14.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.39%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources's payout ratio is currently 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).