Guardian Partners Inc. Takes $18.54 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Guardian Partners Inc. acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 568,968 shares of the oil and gas producer's stock, valued at approximately $18,536,000. Canadian Natural Resources makes up approximately 1.9% of Guardian Partners Inc.'s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $25,000. Continuum Advisory LLC grew its holdings in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 490 shares during the last quarter. Sandy Spring Bank acquired a new position in shares of Canadian Natural Resources during the fourth quarter worth $31,000. Finally, R Squared Ltd purchased a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James reissued a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Royal Bank of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Finally, Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $63.00.

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Canadian Natural Resources Stock Performance

NYSE CNQ traded down $0.36 on Thursday, reaching $30.93. 6,618,387 shares of the company's stock traded hands, compared to its average volume of 5,170,583. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two 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 firm has a market cap of $64.97 billion, a price-to-earnings ratio of 12.01 and a beta of 1.48. The stock has a 50 day moving average price of $29.99 and a 200-day moving average price of $32.16.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, March 21st. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's payout ratio is 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).