Dimensional Fund Advisors LP Increases Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Dimensional Fund Advisors LP increased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,987,284 shares of the oil and gas producer’s stock after buying an additional 182,707 shares during the quarter. Dimensional Fund Advisors LP owned 0.33% of Canadian Natural Resources worth $215,688,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth approximately $25,000. Sandy Spring Bank purchased a new position in Canadian Natural Resources in the fourth quarter valued at approximately $31,000. CoreFirst Bank & Trust bought a new position in Canadian Natural Resources during the fourth quarter valued at $31,000. Finally, Hurley Capital LLC purchased a new stake in Canadian Natural Resources in the fourth quarter worth $31,000. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Canadian Natural Resources Trading Up 2.1 %

Shares of Canadian Natural Resources stock opened at $29.27 on Wednesday. The company’s 50-day moving average price is $28.97 and its 200-day moving average price is $31.44. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $39.20. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 11.37 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.4117 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 5.63%. Canadian Natural Resources’s dividend payout ratio is currently 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).