DekaBank Deutsche Girozentrale Has $42.33 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

DekaBank Deutsche Girozentrale decreased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,400,616 shares of the oil and gas producer's stock after selling 27,129 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Canadian Natural Resources worth $42,334,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CNQ. 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. Canoe Financial LP boosted its position in Canadian Natural Resources by 403.7% during the 1st quarter. Canoe Financial LP now owns 4,738,577 shares of the oil and gas producer's stock valued at $145,828,000 after purchasing an additional 3,797,846 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Canadian Natural Resources by 31.6% during the 4th 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 period. Geode Capital Management LLC boosted its position in Canadian Natural Resources by 30.1% during the 4th 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 period. Finally, T. Rowe Price Investment Management Inc. boosted its position in Canadian Natural Resources by 7.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock valued at $1,051,210,000 after purchasing an additional 2,312,437 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CNQ shares. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Canadian Natural Resources has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Price Performance

Shares of CNQ traded up $0.30 during midday trading on Friday, reaching $32.09. The stock had a trading volume of 4,805,822 shares, compared to its average volume of 5,797,558. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $37.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.53. The firm's 50 day moving average price is $31.51 and its 200-day moving average price is $30.40. The company has a market capitalization of $67.12 billion, a P/E ratio of 12.58 and a beta of 1.03.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $1.37 EPS. On average, analysts forecast that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a dividend of $0.4227 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.27%. Canadian Natural Resources's payout ratio is 67.06%.

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).