Candriam S.C.A. Has $452,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Candriam S.C.A. grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 33.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,652 shares of the oil and gas producer’s stock after acquiring an additional 3,711 shares during the quarter. Candriam S.C.A.’s holdings in Canadian Natural Resources were worth $452,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CNQ. Janney Montgomery Scott LLC raised its stake in Canadian Natural Resources by 21.2% during the third quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock worth $893,000 after acquiring an additional 4,702 shares in the last quarter. Old West Investment Management LLC grew its holdings in shares of Canadian Natural Resources by 73.9% during the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after purchasing an additional 151,237 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Canadian Natural Resources by 80.7% during the third quarter. Lindbrook Capital LLC now owns 6,322 shares of the oil and gas producer’s stock worth $210,000 after purchasing an additional 2,824 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in shares of Canadian Natural Resources by 10.0% during the third quarter. Meixler Investment Management Ltd. now owns 149,806 shares of the oil and gas producer’s stock worth $4,975,000 after purchasing an additional 13,594 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Canadian Natural Resources by 76.8% during the third quarter. Venturi Wealth Management LLC now owns 6,323 shares of the oil and gas producer’s stock worth $210,000 after purchasing an additional 2,747 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $28.29 on Tuesday. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The business’s 50 day moving average price is $30.42 and its two-hundred day moving average price is $32.62. The firm has a market cap of $59.46 billion, a PE ratio of 10.98 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The firm 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 $0.4117 dividend. The ex-dividend date of this dividend is Friday, March 21st. 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 5.82%. Canadian Natural Resources’s payout ratio is 61.87%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CNQ shares. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a report on Friday. Finally, 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 report on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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).