Canadian Natural Resources Limited (NYSE:CNQ) Holdings Lifted by Aviso Financial Inc.

Aviso Financial Inc. raised its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,875,682 shares of the oil and gas producer’s stock after purchasing an additional 108,602 shares during the quarter. Canadian Natural Resources comprises about 4.5% of Aviso Financial Inc.’s investment portfolio, making the stock its 3rd biggest position. Aviso Financial Inc. owned 0.14% of Canadian Natural Resources worth $88,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at about $25,000. Continuum Advisory LLC grew its stake in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at about $32,000. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the third quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at about $35,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $28.70 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $30.29 and a two-hundred day moving average of $32.51. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The company has a market cap of $60.28 billion, a P/E ratio of 11.14 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.4117 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s payout ratio is presently 77.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNQ. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Royal Bank of Canada lifted their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.00.

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).