Natixis Acquires Shares of 9,940 Canadian Natural Resources Limited (NYSE:CNQ)

Natixis purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,940 shares of the oil and gas producer's stock, valued at approximately $307,000.

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

Analysts Set New Price Targets

CNQ has been the topic of a number of analyst reports. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Stock Down 2.1 %

Shares of NYSE CNQ traded down $0.62 during mid-day trading on Wednesday, hitting $28.70. 6,015,074 shares of the stock traded hands, compared to its average volume of 5,390,757. The stock has a fifty day moving average price of $28.84 and a 200-day moving average price of $31.16. 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 company has a market cap of $60.20 billion, a price-to-earnings ratio of 11.15 and a beta of 1.10. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.4117 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.74%. 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 dividend payout ratio (DPR) is presently 77.88%.

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).