RD Lewis Holdings Inc. Buys New Stake in Canadian Natural Resources Limited (NYSE:CNQ)

RD Lewis Holdings Inc. bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 44,048 shares of the oil and gas producer's stock, valued at approximately $1,338,000. Canadian Natural Resources makes up about 1.5% of RD Lewis Holdings Inc.'s portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently made changes to their positions in CNQ. Fisher Asset Management LLC increased its stake 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 purchasing an additional 550,242 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Canadian Natural Resources by 5.1% in the third 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 during the last quarter. CIBC Asset Management Inc lifted its holdings in Canadian Natural Resources by 5.6% in 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 acquiring an additional 1,270,945 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Canadian Natural Resources by 31.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock valued at $414,223,000 after purchasing an additional 3,224,548 shares during the period. Finally, Geode Capital Management LLC raised its position in Canadian Natural Resources by 8.1% in the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer's stock valued at $328,807,000 after purchasing an additional 727,798 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

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Canadian Natural Resources Stock Down 1.6 %

CNQ stock traded down $0.49 during trading on Friday, reaching $30.33. The stock had a trading volume of 10,510,661 shares, compared to its average volume of 5,125,769. The company has a market capitalization of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. The firm has a fifty day moving average price of $30.02 and a 200 day moving average price of $32.24. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 1-year low of $25.62 and a 1-year high of $41.29.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.4117 per share. The ex-dividend date is Friday, March 21st. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 5.43%. Canadian Natural Resources's dividend payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CNQ shares. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI raised 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 report on Wednesday. Royal Bank of Canada raised their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources 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).