Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,200,099 shares of the oil and gas producer's stock after purchasing an additional 126,375 shares during the period. Price T Rowe Associates Inc. MD owned about 0.34% of Canadian Natural Resources worth $222,268,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after acquiring an additional 7,372,718 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock worth $112,763,000 after purchasing an additional 3,600,686 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Canadian Natural Resources by 31.6% during the fourth 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. Geode Capital Management LLC increased its stake in Canadian Natural Resources by 30.1% during the fourth quarter. Geode Capital Management LLC now owns 12,708,163 shares of the oil and gas producer's stock valued at $400,222,000 after purchasing an additional 2,939,866 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after purchasing an additional 2,064,492 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ traded up $0.11 during midday trading on Thursday, hitting $28.80. 1,401,493 shares of the company's stock were exchanged, compared to its average volume of 5,375,527. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $39.20. The firm has a market cap of $60.42 billion, a P/E ratio of 11.19 and a beta of 1.10. The stock's 50 day moving average price is $28.84 and its 200-day moving average price is $31.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.4117 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a dividend yield of 5.72%. Canadian Natural Resources's dividend payout ratio is presently 77.88%.

Analyst Ratings Changes

Several research analysts have recently commented 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. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

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).