Dimensional Fund Advisors LP Acquires 182,707 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Dimensional Fund Advisors LP increased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,987,284 shares of the oil and gas producer's stock after buying an additional 182,707 shares during the quarter. Dimensional Fund Advisors LP owned 0.33% of Canadian Natural Resources worth $215,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in 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 valued at $2,857,337,000 after buying an additional 7,372,718 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Canadian Natural Resources by 595.2% in the fourth quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock worth $216,000 after acquiring an additional 5,982 shares during the period. SG Americas Securities LLC boosted its holdings in Canadian Natural Resources by 6.3% in the fourth 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 during the last quarter. CIBC Asset Management Inc increased its position in Canadian Natural Resources by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock valued at $746,025,000 after purchasing an additional 1,270,945 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Canadian Natural Resources by 87.0% during the 4th 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 last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Down 0.0 %

Shares of CNQ traded down $0.01 during trading hours on Monday, hitting $29.33. The stock had a trading volume of 531,683 shares, compared to its average volume of 5,374,596. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $39.20. The firm has a market capitalization of $61.52 billion, a P/E ratio of 11.38 and a beta of 1.10. The firm has a 50 day simple moving average of $28.91 and a 200-day simple moving average of $31.25. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.4117 per share. This is an increase 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 5.62%. Canadian Natural Resources's payout ratio is currently 77.88%.

Analyst Ratings Changes

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

Canadian Natural Resources 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).