Knights of Columbus Asset Advisors LLC Buys 5,055 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Knights of Columbus Asset Advisors LLC grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,968 shares of the oil and gas producer’s stock after purchasing an additional 5,055 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Canadian Natural Resources were worth $6,636,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CNQ. Assenagon Asset Management S.A. lifted its stake in shares of Canadian Natural Resources by 6,902.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after purchasing an additional 3,600,686 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Natural Resources by 73.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after purchasing an additional 3,312,442 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Canadian Natural Resources by 31.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer’s stock valued at $414,223,000 after purchasing an additional 3,224,548 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Canadian Natural Resources by 63.5% in the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after purchasing an additional 3,198,007 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Canadian Natural Resources by 87.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock valued at $136,994,000 after purchasing an additional 2,064,492 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CNQ. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Royal Bank of Canada raised their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Finally, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.00.

Canadian Natural Resources Trading Down 1.6 %

CNQ opened at $30.33 on Friday. The stock’s fifty day moving average is $30.02 and its two-hundred day moving average is $32.24. The company has a market capitalization of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 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. Stockholders 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 dividend yield of 5.43%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 77.88%.

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).