Daiwa Securities Group Inc. Purchases Shares of 23,541 Canadian Natural Resources Limited (NYSE:CNQ)

Daiwa Securities Group Inc. acquired a new position 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 SEC. The fund acquired 23,541 shares of the oil and gas producer's stock, valued at approximately $1,542,000.

Several other institutional investors have also recently modified their holdings of the stock. Dakota Wealth Management raised its holdings in Canadian Natural Resources by 41.9% in the 4th quarter. Dakota Wealth Management now owns 75,338 shares of the oil and gas producer's stock valued at $4,936,000 after acquiring an additional 22,250 shares during the last quarter. Conning Inc. raised its holdings in Canadian Natural Resources by 2.2% in the 4th quarter. Conning Inc. now owns 31,261 shares of the oil and gas producer's stock valued at $2,048,000 after acquiring an additional 666 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Canadian Natural Resources by 23.1% in the 4th quarter. Vontobel Holding Ltd. now owns 9,400 shares of the oil and gas producer's stock valued at $616,000 after acquiring an additional 1,764 shares during the last quarter. WCM Investment Management LLC raised its holdings in Canadian Natural Resources by 9,297.9% in the 4th quarter. WCM Investment Management LLC now owns 2,192,895 shares of the oil and gas producer's stock valued at $143,284,000 after acquiring an additional 2,169,561 shares during the last quarter. Finally, AlphaQ Advisors LLC raised its holdings in Canadian Natural Resources by 27.9% in the 4th quarter. AlphaQ Advisors LLC now owns 8,090 shares of the oil and gas producer's stock valued at $530,000 after acquiring an additional 1,763 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 0.2 %

Canadian Natural Resources stock traded down $0.12 during trading on Wednesday, reaching $76.95. 3,096,469 shares of the company's stock were exchanged, compared to its average volume of 3,331,527. The company's 50-day moving average is $73.54 and its two-hundred day moving average is $67.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.96. Canadian Natural Resources Limited has a 52-week low of $52.66 and a 52-week high of $82.58. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 13.89 and a beta of 1.54.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.13. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. The firm had revenue of $7.02 billion during the quarter, compared to analysts' expectations of $6.73 billion. On average, analysts predict that Canadian Natural Resources Limited will post 5.7 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.774 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.72. This represents a $3.10 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, March 14th. Canadian Natural Resources's dividend payout ratio is presently 53.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Desjardins cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the company a "neutral" rating in a research note on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $94.00.

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).