Capital International Inc. CA Buys 136,270 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Capital International Inc. CA boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 805,555 shares of the oil and gas producer's stock after buying an additional 136,270 shares during the period. Capital International Inc. CA's holdings in Canadian Natural Resources were worth $24,867,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new stake in shares of Canadian Natural Resources in the 4th quarter worth about $31,000. Sandy Spring Bank purchased a new position in Canadian Natural Resources during the 4th quarter valued at about $31,000. Finally, CoreFirst Bank & Trust bought a new stake in Canadian Natural Resources during the fourth quarter worth about $31,000. 74.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNQ shares. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report 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, March 7th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Stock Performance

Shares of CNQ stock traded up $0.28 during trading hours on Thursday, reaching $29.23. The company had a trading volume of 1,695,109 shares, compared to its average volume of 5,386,113. The firm has a market cap of $61.30 billion, a PE ratio of 11.36 and a beta of 1.10. 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 business has a fifty day moving average price of $28.95 and a 200-day moving average price of $31.43. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $39.20.

Canadian Natural Resources Increases Dividend

The firm also recently announced 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. This represents a $1.65 annualized dividend and a yield of 5.64%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 21st. 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).