Natixis Advisors LLC Raises Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Natixis Advisors LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,258 shares of the oil and gas producer's stock after purchasing an additional 34,928 shares during the quarter. Natixis Advisors LLC's holdings in Canadian Natural Resources were worth $16,832,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Canadian Natural Resources by 1.3% in 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 buying an additional 550,242 shares during the period. The Manufacturers Life Insurance Company grew its position in Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer's stock valued at $945,965,000 after acquiring an additional 1,383,478 shares in the last quarter. CIBC Asset Management Inc increased its stake in Canadian Natural Resources by 5.6% during the fourth 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 during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Canadian Natural Resources by 31.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock worth $414,223,000 after purchasing an additional 3,224,548 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Canadian Natural Resources by 8.1% during the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer's stock worth $328,807,000 after purchasing an additional 727,798 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

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Canadian Natural Resources Stock Down 1.6 %

NYSE CNQ traded down $0.49 during trading on Friday, reaching $30.33. 10,510,661 shares of the company's stock were exchanged, compared to its average volume of 5,125,769. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The stock has a market cap of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. 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 company has a 50 day moving average price of $30.02 and a two-hundred day moving average price of $32.24.

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 given a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Friday, March 21st. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of "Hold" and an average price target of $63.00.

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).