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

Candriam S.C.A. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 33.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,652 shares of the oil and gas producer’s stock after purchasing an additional 3,711 shares during the period. Candriam S.C.A.’s holdings in Canadian Natural Resources were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in 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 buying an additional 3,600,686 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in 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 buying an additional 3,312,442 shares during the last quarter. National Bank of Canada FI raised its position in 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 buying an additional 3,198,007 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 buying an additional 2,064,492 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after buying an additional 1,651,452 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 0.3 %

CNQ stock opened at $28.29 on Tuesday. 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 company has a market capitalization of $59.46 billion, a price-to-earnings ratio of 10.98 and a beta of 1.48. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The stock has a fifty day moving average of $30.42 and a 200-day moving average of $32.62.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.4117 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.82%. Canadian Natural Resources’s dividend payout ratio is presently 61.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNQ. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price objective on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and an average price target 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).