Canadian Natural Resources Limited (NYSE:CNQ) Holdings Increased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 152.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,809 shares of the oil and gas producer's stock after purchasing an additional 239,256 shares during the period. Canadian Natural Resources makes up 0.6% of Hillsdale Investment Management Inc.'s portfolio, making the stock its 27th biggest position. Hillsdale Investment Management Inc.'s holdings in Canadian Natural Resources were worth $12,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNQ. Sei Investments Co. lifted its stake in shares of Canadian Natural Resources by 7.2% in the fourth quarter. Sei Investments Co. now owns 34,746 shares of the oil and gas producer's stock worth $1,073,000 after acquiring an additional 2,341 shares in the last quarter. American Century Companies Inc. raised its position in shares of Canadian Natural Resources by 5.8% in the 4th quarter. American Century Companies Inc. now owns 762,031 shares of the oil and gas producer's stock valued at $23,527,000 after purchasing an additional 41,823 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Canadian Natural Resources during the 4th quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Canadian Natural Resources by 59.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,208 shares of the oil and gas producer's stock worth $500,000 after buying an additional 6,015 shares in the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of Canadian Natural Resources by 7.7% in the fourth quarter. HUB Investment Partners LLC now owns 212,213 shares of the oil and gas producer's stock worth $6,551,000 after buying an additional 15,092 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on CNQ. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Royal Bank of Canada boosted their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, 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. Four investment 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, Canadian Natural Resources has a consensus rating of "Hold" and an average price target of $63.00.

Canadian Natural Resources Stock Performance

NYSE CNQ traded up $0.18 during trading hours on Wednesday, hitting $31.30. The company had a trading volume of 7,997,244 shares, compared to its average volume of 5,174,768. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $65.74 billion, a P/E ratio of 12.15 and a beta of 1.48. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The business has a fifty day simple moving average of $29.99 and a 200-day simple moving average of $32.17.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.4117 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.26%. 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).