Northwest & Ethical Investments L.P. Boosts Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Northwest & Ethical Investments L.P. boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 450,913 shares of the oil and gas producer’s stock after buying an additional 10,897 shares during the period. 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.

A number of other large investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC grew its position in shares of Canadian Natural Resources by 4.9% in 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 purchasing an additional 419 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. Assetmark Inc. grew its position in shares of Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Pitcairn Co. grew its position in shares of Canadian Natural Resources by 1.3% in the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after purchasing an additional 475 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in shares of 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 purchasing an additional 490 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Up 2.2 %

NYSE:CNQ opened at $30.66 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $30.10 and its two-hundred day moving average is $32.29. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. 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 Increases Dividend

The company also recently declared 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 represents a $1.65 dividend on an annualized basis and a yield of 5.37%. 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 is 77.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CNQ shares. Royal Bank of Canada upped their price target 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. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Canadian Natural Resources Company 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).