Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 38.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 690,405 shares of the oil and gas producer's stock after acquiring an additional 190,411 shares during the period. Marshall Wace LLP's holdings in Canadian Natural Resources were worth $21,313,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNQ. FMR LLC lifted 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 buying an additional 7,372,718 shares during the period. Vanguard Group Inc. boosted its holdings in 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 valued at $2,778,729,000 after acquiring an additional 456,814 shares in the last quarter. Fisher Asset Management LLC increased its position in Canadian Natural Resources by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock valued at $1,362,332,000 after purchasing an additional 550,242 shares during the period. CIBC Asset Management Inc raised its holdings in Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock worth $746,025,000 after purchasing an additional 1,270,945 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Canadian Natural Resources by 4.5% in the 4th quarter. JPMorgan Chase & Co. now owns 13,893,962 shares of the oil and gas producer's stock worth $428,907,000 after purchasing an additional 603,314 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a 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 note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded up $0.08 during trading hours on Friday, reaching $29.39. The company's stock had a trading volume of 1,479,819 shares, compared to its average volume of 7,263,253. The stock has a market cap of $61.64 billion, a P/E ratio of 11.42 and a beta of 1.10. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $39.20. The firm has a 50 day moving average price of $28.94 and a 200-day moving average price of $31.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.4117 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Friday, March 21st. Canadian Natural Resources's dividend payout ratio is currently 77.88%.

About Canadian Natural Resources

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).