Intech Investment Management LLC Has $9.57 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Intech Investment Management LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,987 shares of the oil and gas producer’s stock after acquiring an additional 30,178 shares during the period. Intech Investment Management LLC’s holdings in Canadian Natural Resources were worth $9,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CNQ. Kingsview Wealth Management LLC raised 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 valued at $300,000 after acquiring an additional 419 shares during the last quarter. Fifth Third Bancorp raised 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 valued at $39,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. raised 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 valued at $37,000 after acquiring an additional 439 shares during the last quarter. Pitcairn Co. raised 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 valued at $1,209,000 after acquiring an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 1.4 %

NYSE:CNQ opened at $29.82 on Tuesday. 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 market capitalization of $62.63 billion, a price-to-earnings ratio of 11.58 and a beta of 1.48. The firm has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $32.35. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29.

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. This represents a $1.65 dividend on an annualized basis and a yield of 5.52%. This is a boost 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%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and a consensus target price of $63.00.

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).