Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 70.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,222,661 shares of the oil and gas producer’s stock after purchasing an additional 1,334,101 shares during the quarter. Canadian Natural Resources accounts for approximately 3.6% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 11th largest holding. Mufg Securities Canada LTD. owned 0.15% of Canadian Natural Resources worth $99,431,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CNQ. Holocene Advisors LP purchased a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at $13,700,000. Principal Securities Inc. lifted its holdings in shares of Canadian Natural Resources by 595.2% in the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer’s stock valued at $216,000 after buying an additional 5,982 shares during the period. SG Americas Securities LLC grew its holdings in Canadian Natural Resources by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock worth $9,151,000 after acquiring an additional 17,694 shares during the period. CIBC Asset Management Inc raised its position in Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after acquiring an additional 1,270,945 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Canadian Natural Resources by 87.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock worth $136,994,000 after purchasing an additional 2,064,492 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNQ. Royal Bank of Canada lifted their target price 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. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock opened at $31.13 on Wednesday. The stock has a market capitalization of $65.39 billion, a P/E ratio of 12.09 and a beta of 1.48. The business has a 50 day simple moving average of $29.99 and a two-hundred day simple moving average of $32.17. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

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 paid a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a yield of 5.29%. 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. Canadian Natural Resources’s dividend payout ratio is currently 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).