Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 450,913 shares of the oil and gas producer’s stock after acquiring an additional 10,897 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Canadian Natural Resources were worth $13,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in Canadian Natural Resources during the 4th quarter worth about $25,000. Continuum Advisory LLC lifted its position in Canadian Natural Resources by 144.1% during 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 during the period. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. R Squared Ltd acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Canadian Natural Resources in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $30.66 on Thursday. The stock has a market capitalization of $64.40 billion, a price-to-earnings ratio of 11.91 and a beta of 1.48. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $30.10 and a 200 day moving average of $32.29.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.4117 per share. 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 5.37%. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s payout ratio is 77.88%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNQ. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Royal Bank of Canada boosted their price objective on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.00.

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).