Whittier Trust Co. of Nevada Inc. Grows Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Whittier Trust Co. of Nevada Inc. increased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 59.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,208 shares of the oil and gas producer’s stock after buying an additional 6,015 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Canadian Natural Resources were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CNQ. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth about $25,000. Continuum Advisory LLC increased its holdings in 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 buying an additional 490 shares during the last quarter. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the fourth quarter valued at approximately $31,000. R Squared Ltd bought a new position in Canadian Natural Resources during the 4th quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $35,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CNQ. 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 shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and an average target price of $63.00.

Canadian Natural Resources Stock Down 1.6 %

CNQ stock opened at $30.33 on Friday. 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 firm’s 50-day simple moving average is $30.02 and its 200 day simple moving average is $32.22. The stock has a market cap of $63.70 billion, a PE ratio of 11.78 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.

Canadian Natural Resources Increases Dividend

The firm 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 dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s payout ratio is 77.88%.

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).