9,940 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Bought by Natixis

Natixis purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,940 shares of the oil and gas producer's stock, valued at approximately $307,000.

A number of other institutional investors have also added to or reduced their stakes in CNQ. FMR LLC grew its position in shares of 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. grew 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 worth $2,778,729,000 after purchasing an additional 456,814 shares during the period. Fisher Asset Management LLC grew its holdings in Canadian Natural Resources by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock worth $1,362,332,000 after purchasing an additional 550,242 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Canadian Natural Resources by 5.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 36,963,702 shares of the oil and gas producer's stock valued at $1,139,753,000 after purchasing an additional 1,844,700 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of 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 valued at $746,025,000 after purchasing an additional 1,270,945 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

NYSE CNQ traded up $0.27 during trading hours on Monday, hitting $29.61. The company's stock had a trading volume of 3,142,841 shares, compared to its average volume of 5,384,448. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company has a market cap of $62.11 billion, a P/E ratio of 11.50 and a beta of 1.10. The company's 50 day simple moving average is $28.91 and its two-hundred day simple moving average is $31.25. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $39.20.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.56%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's payout ratio is presently 77.88%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CNQ shares. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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).