Unigestion Holding SA Sells 33,876 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Unigestion Holding SA decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 580,934 shares of the oil and gas producer's stock after selling 33,876 shares during the quarter. Unigestion Holding SA's holdings in Canadian Natural Resources were worth $17,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Canadian Natural Resources by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer's stock valued at $2,778,729,000 after acquiring an additional 456,814 shares during the period. Fisher Asset Management LLC raised its stake 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 valued at $1,362,332,000 after purchasing an additional 550,242 shares in the last quarter. CIBC Asset Management Inc lifted its position 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. JPMorgan Chase & Co. grew its stake in Canadian Natural Resources by 4.5% during the fourth quarter. JPMorgan Chase & Co. now owns 13,893,962 shares of the oil and gas producer's stock worth $428,907,000 after buying an additional 603,314 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Canadian Natural Resources by 31.6% in the 4th 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 buying an additional 3,224,548 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Trading Up 3.7 %

Shares of NYSE:CNQ traded up $0.97 during midday trading on Friday, hitting $27.14. 3,677,848 shares of the stock were exchanged, compared to its average volume of 5,569,091. The business's 50-day moving average price is $29.36 and its 200 day moving average price is $31.77. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $41.29. 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 stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 10.52 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.4117 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 6.07%. The ex-dividend date was Friday, March 21st. Canadian Natural Resources's dividend payout ratio is 77.88%.

About Canadian Natural Resources

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).