Dimensional Fund Advisors LP Grows Position in Canadian Natural Resources Limited $CNQ

Key Points

• Dimensional Fund Advisors LP increased its stake in Canadian Natural by 11.2% in Q3 to 9,304,783 shares (about $297.4M), representing roughly 0.45% of the company.
• Canadian Natural beat Q4 estimates with record production (~1.66 mmboe/d) and raised the quarterly dividend to $0.625 (annualized $2.50), a ~6.4% increase implying a ~5.4% yield.
• Management has paused an $8.25B oil‑sands expansion citing carbon‑policy uncertainty, underscoring regulatory and transition risks that could limit future growth optionality.

Dimensional Fund Advisors LP increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,304,783 shares of the oil and gas producer's stock after purchasing an additional 934,708 shares during the quarter. Dimensional Fund Advisors LP owned 0.45% of Canadian Natural Resources worth $297,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Addison Advisors LLC increased its position in shares of Canadian Natural Resources by 309.1% during the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 677 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of Canadian Natural Resources in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of Canadian Natural Resources by 100.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer's stock worth $51,000 after purchasing an additional 528 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Canadian Natural Resources by 3,182.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 1,655 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Canadian Natural Resources

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 beat, record production and dividend bump — CNQ beat consensus EPS and revenue, reported record production (~1.66 mmboe/d), and raised the quarterly dividend ~6.4%, signaling strong cash generation and a shareholder‑friendly stance. Canadian Natural: Huge Gains, Dividend Increase, Earnings Beat
• Positive Sentiment: Analyst upgrade/target lift — RBC Capital raised its price target to $65 and kept an Outperform rating, implying meaningful upside versus current levels and likely supporting the rally. RBC price target raise (Benzinga)
• Positive Sentiment: Oil price tailwind — WTI above $75 amid geopolitical tensions, which benefits CNQ’s North American production profile and helps near‑term cash flow. Oil Prices Above $75 (Zacks)
• Neutral Sentiment: Earnings detail & mixed metrics — official releases and transcripts confirm the beat, higher revenue and stronger operating cash flow, but operating profit and EPS were down YoY in some disclosures, creating a more nuanced profitability picture. Q4 results (Newsfile)
• Neutral Sentiment: Call/transcript available — The Q4 earnings call transcript and materials provide management color on production, capital spending and the updated capital allocation framework for investors doing deeper diligence. Q4 2025 earnings call transcript
• Negative Sentiment: Pause of $8.25B oil‑sands expansion — Management paused a major oil‑sands expansion, citing carbon‑policy uncertainty; this could limit future growth optionality and highlights regulatory/transition risk for the company’s heavier assets. Pause of oil-sands expansion (Globe & Mail)

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $46.43 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $46.85. The firm has a market cap of $96.79 billion, a PE ratio of 12.58 and a beta of 0.63. The company's 50 day moving average is $37.85 and its two-hundred day moving average is $34.09.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, March 5th. The oil and gas producer reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Canadian Natural Resources had a net margin of 24.48% and a return on equity of 18.24%. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, research analysts expect that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.59. Canadian Natural Resources's payout ratio is presently 45.53%.

Analysts Set New Price Targets

A number of research analysts have commented on CNQ shares. The Goldman Sachs Group set a $35.00 price target on Canadian Natural Resources and gave the stock a "buy" rating in a research note on Friday, January 2nd. Evercore cut Canadian Natural Resources from an "outperform" rating to an "in-line" rating in a research note on Tuesday, January 6th. Desjardins downgraded Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Monday, November 24th. Zacks Research lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 19th. Finally, Royal Bank Of Canada raised their target price on Canadian Natural Resources from $61.00 to $65.00 and gave the company an "outperform" rating in a report on Friday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $50.00.

About Canadian Natural Resources

Canadian Natural Resources Limited NYSE: CNQ is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company's operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.

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