Stokes Family Office LLC Buys 610 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Stokes Family Office LLC boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,050 shares of the oil and gas producer’s stock after purchasing an additional 610 shares during the quarter. Stokes Family Office LLC’s holdings in Canadian Natural Resources were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its stake in Canadian Natural Resources by 2.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 204,320 shares of the oil and gas producer’s stock valued at $6,305,000 after acquiring an additional 4,622 shares during the period. Intech Investment Management LLC grew its stake in Canadian Natural Resources by 10.8% in the fourth quarter. Intech Investment Management LLC now owns 309,987 shares of the oil and gas producer’s stock valued at $9,566,000 after acquiring an additional 30,178 shares during the period. RD Lewis Holdings Inc. acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $1,338,000. Cadence Wealth Management LLC grew its stake in Canadian Natural Resources by 4.4% in the fourth quarter. Cadence Wealth Management LLC now owns 15,439 shares of the oil and gas producer’s stock valued at $477,000 after acquiring an additional 644 shares during the period. Finally, Tocqueville Asset Management L.P. grew its stake in Canadian Natural Resources by 8.2% in the fourth quarter. Tocqueville Asset Management L.P. now owns 56,424 shares of the oil and gas producer’s stock valued at $1,742,000 after acquiring an additional 4,265 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ opened at $29.96 on Wednesday. The stock has a 50 day moving average price of $30.14 and a 200 day moving average price of $32.30. Canadian Natural Resources Limited has a 52 week low of $25.62 and a 52 week high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a market capitalization of $62.92 billion, a PE ratio of 11.63 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.4117 per share. The ex-dividend date is 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 5.50%. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Analysts Set New Price Targets

A number of research firms have issued reports on CNQ. Royal Bank of Canada boosted their target price on Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a research report 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’s stock. According to MarketBeat, the company presently has a consensus 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).