Canadian Natural Resources Limited (NYSE:CNQ) is Guardian Capital LP's 6th Largest Position

Guardian Capital LP lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,108,699 shares of the oil and gas producer's stock after buying an additional 197,109 shares during the period. Canadian Natural Resources comprises 3.6% of Guardian Capital LP's investment portfolio, making the stock its 6th largest position. Guardian Capital LP owned 0.15% of Canadian Natural Resources worth $95,966,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Canadian Natural Resources by 8.7% during the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after acquiring an additional 7,372,718 shares during the period. Vanguard Group Inc. lifted its position in Canadian Natural Resources by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer's stock valued at $2,778,729,000 after purchasing an additional 456,814 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Canadian Natural Resources by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock valued at $1,362,332,000 after purchasing an additional 550,242 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Canadian Natural Resources by 5.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 36,963,702 shares of the oil and gas producer's stock worth $1,139,753,000 after purchasing an additional 1,844,700 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Canadian Natural Resources by 7.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock worth $1,051,210,000 after buying an additional 2,312,437 shares during the period. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Up 0.2 %

CNQ traded up $0.07 on Friday, hitting $28.99. The company had a trading volume of 4,351,372 shares, compared to its average volume of 5,378,417. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $39.20. The stock has a fifty day simple moving average of $28.84 and a 200-day simple moving average of $31.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a market capitalization of $60.81 billion, a P/E ratio of 11.26 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.4117 per share. The ex-dividend date was Friday, March 21st. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.68%. Canadian Natural Resources's payout ratio is currently 77.88%.

Analyst Ratings Changes

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