RD Lewis Holdings Inc. Makes New Investment in Canadian Natural Resources Limited (NYSE:CNQ)

RD Lewis Holdings Inc. acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 44,048 shares of the oil and gas producer’s stock, valued at approximately $1,338,000. Canadian Natural Resources makes up approximately 1.5% of RD Lewis Holdings Inc.’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $25,000. Continuum Advisory LLC boosted its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 490 shares during the period. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at $33,000. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at $37,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 1.4 %

Shares of NYSE:CNQ opened at $29.82 on Tuesday. The stock has a market capitalization of $62.63 billion, a PE ratio of 11.58 and a beta of 1.48. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The firm has a fifty day moving average price of $30.20 and a 200 day moving average price of $32.35. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.4117 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost 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 5.52%. Canadian Natural Resources’s dividend payout ratio is currently 77.88%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of research reports. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Evercore ISI raised shares of 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 objective on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.00.

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).