Whittier Trust Co. Has $1.31 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Whittier Trust Co. lifted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 65.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,482 shares of the oil and gas producer's stock after purchasing an additional 16,746 shares during the quarter. Whittier Trust Co.'s holdings in Canadian Natural Resources were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth $25,000. Continuum Advisory LLC lifted its stake in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 490 shares in the last quarter. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. R Squared Ltd purchased a new position in Canadian Natural Resources during the 4th quarter valued at about $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Raymond James restated a "market perform" rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Finally, Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.00.

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Canadian Natural Resources Stock Up 1.1 %

Shares of Canadian Natural Resources stock traded up $0.34 during midday trading on Tuesday, reaching $31.13. 8,717,102 shares of the company's stock traded hands, compared to its average volume of 5,163,866. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The company's 50 day simple moving average is $29.99 and its 200 day simple moving average is $32.17. The company has a market cap of $65.39 billion, a price-to-earnings ratio of 12.09 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.29%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Canadian Natural Resources 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).