OneDigital Investment Advisors LLC Has $970,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

OneDigital Investment Advisors LLC grew its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,409 shares of the oil and gas producer's stock after acquiring an additional 10,860 shares during the period. OneDigital Investment Advisors LLC's holdings in Canadian Natural Resources were worth $970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its stake in Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. Assetmark Inc. grew its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock valued at $2,530,000 after purchasing an additional 497 shares in the last quarter. Global Retirement Partners LLC grew its stake in Canadian Natural Resources by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after purchasing an additional 514 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its stake in Canadian Natural Resources by 1.8% in the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock valued at $930,000 after purchasing an additional 520 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of CNQ traded up $0.27 during mid-day trading on Monday, reaching $29.61. The company had a trading volume of 3,142,841 shares, compared to its average volume of 5,384,449. The company's 50 day simple moving average is $28.90 and its 200 day simple moving average is $31.19. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $39.20. 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 market capitalization of $62.11 billion, a price-to-earnings ratio of 11.50 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders 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 dividend yield of 5.56%. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CNQ shares. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" 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).