Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Dupree Financial Group LLC

Dupree Financial Group LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 189.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,911 shares of the oil and gas producer's stock after purchasing an additional 167,395 shares during the quarter. Canadian Natural Resources makes up about 3.2% of Dupree Financial Group LLC's investment portfolio, making the stock its 10th largest position. Dupree Financial Group LLC's holdings in Canadian Natural Resources were worth $7,882,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after purchasing an additional 7,372,718 shares in the last quarter. Canoe Financial LP raised its position in shares of Canadian Natural Resources by 403.7% during the first quarter. Canoe Financial LP now owns 4,738,577 shares of the oil and gas producer's stock worth $145,828,000 after acquiring an additional 3,797,846 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 worth $414,223,000 after acquiring an additional 3,224,548 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $400,222,000 after acquiring an additional 2,939,866 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Canadian Natural Resources by 7.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock worth $1,051,210,000 after acquiring an additional 2,312,437 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Up 1.9%

Canadian Natural Resources stock traded up $0.61 during midday trading on Tuesday, reaching $32.36. The stock had a trading volume of 1,227,497 shares, compared to its average volume of 5,768,374. The firm's fifty day simple moving average is $31.27 and its 200-day simple moving average is $30.36. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The stock has a market capitalization of $67.70 billion, a P/E ratio of 12.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84.

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

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.4227 dividend. The ex-dividend date was Friday, June 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 5.22%. Canadian Natural Resources's payout ratio is 67.06%.

Canadian Natural Resources Company 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).