Banque Transatlantique SA Takes Position in Canadian Natural Resources Limited (NYSE:CNQ)

Banque Transatlantique SA purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the oil and gas producer's stock, valued at approximately $460,000.

Several other hedge funds have also recently bought and sold shares of CNQ. FMR LLC grew its holdings in Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after purchasing an additional 7,372,718 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Canadian Natural Resources by 595.2% in the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock worth $216,000 after buying an additional 5,982 shares in the last quarter. SG Americas Securities LLC increased its holdings in Canadian Natural Resources by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after acquiring an additional 17,694 shares in the last quarter. CIBC Asset Management Inc raised its position in Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock worth $746,025,000 after acquiring an additional 1,270,945 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Canadian Natural Resources by 87.0% in the fourth 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 in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $28.99 on Friday. The company has a market cap of $60.81 billion, a P/E ratio of 11.26 and a beta of 1.10. The business has a fifty day simple moving average of $28.84 and a 200-day simple moving average of $31.03. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. 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 disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a dividend of $0.4117 per share. The ex-dividend date was Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.68%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's dividend payout ratio is currently 77.88%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $63.00.

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).

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