HUB Investment Partners LLC Purchases 15,092 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

HUB Investment Partners LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,213 shares of the oil and gas producer’s stock after buying an additional 15,092 shares during the period. HUB Investment Partners LLC’s holdings in Canadian Natural Resources were worth $6,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CNQ. Old West Investment Management LLC boosted its holdings in shares of Canadian Natural Resources by 73.9% during the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after buying an additional 151,237 shares during the period. Empowered Funds LLC boosted its holdings in shares of Canadian Natural Resources by 8.9% during the 3rd quarter. Empowered Funds LLC now owns 62,831 shares of the oil and gas producer’s stock worth $2,087,000 after buying an additional 5,151 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Canadian Natural Resources by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 510,330 shares of the oil and gas producer’s stock worth $16,948,000 after buying an additional 61,473 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Canadian Natural Resources by 49.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer’s stock worth $309,000 after buying an additional 3,076 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Canadian Natural Resources by 1.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 82,310 shares of the oil and gas producer’s stock worth $2,734,000 after buying an additional 1,306 shares during the period. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CNQ. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Trading Up 2.2 %

Shares of CNQ stock opened at $30.66 on Thursday. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 11.91 and a beta of 1.48. 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 firm has a fifty day moving average of $30.10 and a 200-day moving average of $32.29.

Canadian Natural Resources Increases Dividend

The company also recently announced 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 represents a $1.65 dividend on an annualized basis and a dividend yield of 5.37%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

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).