Dakota Wealth Management Boosts Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Dakota Wealth Management lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,338 shares of the oil and gas producer's stock after purchasing an additional 22,250 shares during the period. Dakota Wealth Management's holdings in Canadian Natural Resources were worth $4,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNQ. Money Concepts Capital Corp acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $25,000. Central Bank & Trust Co. purchased a new position in shares of Canadian Natural Resources during the fourth quarter valued at $26,000. Captrust Financial Advisors grew its holdings in shares of Canadian Natural Resources by 57.6% during the second quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 217 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Canadian Natural Resources during the first quarter valued at $35,000. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Canadian Natural Resources by 39.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 609 shares of the oil and gas producer's stock valued at $40,000 after buying an additional 173 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on Canadian Natural Resources from $101.00 to $102.00 and gave the company a "neutral" rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of "Hold" and an average price target of $94.00.

Canadian Natural Resources Stock Down 0.2 %

NYSE CNQ traded down $0.14 on Tuesday, reaching $77.40. The stock had a trading volume of 5,780,282 shares, compared to its average volume of 3,324,682. The business has a 50 day moving average price of $71.56 and a 200 day moving average price of $67.02. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. Canadian Natural Resources Limited has a 1 year low of $52.66 and a 1 year high of $82.58. The company has a market capitalization of $82.98 billion, a price-to-earnings ratio of 13.97 and a beta of 1.54.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.13. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. The firm had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $6.73 billion. On average, analysts forecast that Canadian Natural Resources Limited will post 5.52 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.774 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.10 dividend on an annualized basis and a yield of 4.00%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.72. Canadian Natural Resources's payout ratio is 53.25%.

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).