Representative Bruce Westerman (R-Arkansas) recently bought shares of Canadian Natural Resources Limited NYSE: CNQ. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Canadian Natural Resources stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.
Representative Bruce Westerman also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
- Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
- Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
- Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.
Canadian Natural Resources Price Performance
Shares of Canadian Natural Resources stock traded down $0.28 during mid-day trading on Wednesday, reaching $29.04. 3,349,648 shares of the stock traded hands, compared to its average volume of 5,399,008. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $28.97 and a 200 day moving average of $31.44. The stock has a market capitalization of $60.92 billion, a PE ratio of 11.28 and a beta of 1.10. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $39.20.
Canadian Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Friday, March 21st. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's dividend payout ratio is 77.88%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on CNQ shares. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. 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. Finally, Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources has an average rating of "Moderate Buy" and a consensus price target of $63.00.
View Our Latest Report on CNQ
Institutional Investors Weigh In On Canadian Natural Resources
A number of institutional investors and hedge funds have recently made changes to their positions in CNQ. FMR LLC grew its stake in shares of Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after buying an additional 7,372,718 shares in the last quarter. Principal Securities Inc. boosted its holdings in Canadian Natural Resources by 595.2% during the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock valued at $216,000 after acquiring an additional 5,982 shares during the period. SG Americas Securities LLC grew its position in Canadian Natural Resources by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after acquiring an additional 17,694 shares in the last quarter. CIBC Asset Management Inc lifted its position 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 worth $746,025,000 after purchasing an additional 1,270,945 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after purchasing an additional 2,064,492 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.
About Representative Westerman
Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election.
Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.
About Canadian Natural Resources
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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).
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