Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in Canadian Natural Resources Limited (NYSE:CNQFree Report) (TSE:CNQ) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 421,856 shares of the oil and gas producer’s stock after purchasing an additional 20,254 shares during the period. Royal London Asset Management Ltd.’s holdings in Canadian Natural Resources were worth $27,281,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Money Concepts Capital Corp purchased a new position in Canadian Natural Resources during the fourth quarter worth approximately $25,000. Captrust Financial Advisors raised its position in Canadian Natural Resources by 57.6% in the second quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 217 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Canadian Natural Resources in the first quarter valued at $35,000. KB Financial Partners LLC acquired a new stake in shares of Canadian Natural Resources in the first quarter valued at $41,000. Finally, Natixis acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at $42,000. 73.88% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $72.12 on Friday. The firm’s 50-day simple moving average is $64.64 and its 200 day simple moving average is $64.49. The stock has a market cap of $77.27 billion, a P/E ratio of 13.02 and a beta of 1.53. Canadian Natural Resources Limited has a fifty-two week low of $48.81 and a fifty-two week high of $73.19. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.25.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.774 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 53.25%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on Canadian Natural Resources from $101.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $94.00.

View Our Latest Research Report on CNQ

About Canadian Natural Resources

(Free Report)

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).

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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