Natixis Advisors LLC Raises Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Natixis Advisors LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 545,258 shares of the oil and gas producer’s stock after acquiring an additional 34,928 shares during the period. Natixis Advisors LLC’s holdings in Canadian Natural Resources were worth $16,832,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kingsview Wealth Management LLC grew its stake in shares of Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after acquiring an additional 419 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. grew its stake in shares of Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 439 shares during the last quarter. Pitcairn Co. grew its stake in shares of Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after acquiring an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 0.4 %

Shares of NYSE:CNQ opened at $29.96 on Wednesday. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month high of $41.29. The company has a market capitalization of $62.92 billion, a PE ratio of 11.63 and a beta of 1.48. The business has a 50 day moving average of $30.14 and a two-hundred day moving average of $32.30. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.4117 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.50%. Canadian Natural Resources’s payout ratio is presently 77.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CNQ shares. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Royal Bank of Canada upped their target price on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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).