Whittier Trust Co. Raises Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Whittier Trust Co. boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 65.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,482 shares of the oil and gas producer’s stock after acquiring an additional 16,746 shares during the quarter. Whittier Trust Co.’s holdings in Canadian Natural Resources were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CNQ. Duncker Streett & Co. Inc. purchased a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $25,000. Continuum Advisory LLC boosted its position in Canadian Natural Resources by 144.1% in 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. Sandy Spring Bank bought a new position in Canadian Natural Resources in the 4th quarter worth about $31,000. R Squared Ltd purchased a new position in shares of Canadian Natural Resources during the fourth quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Canadian Natural Resources during the fourth quarter valued at approximately $35,000. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $30.33 on Friday. The stock’s 50-day moving average is $30.02 and its 200 day moving average is $32.24. Canadian Natural Resources Limited has a 1-year low of $25.62 and a 1-year 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. The company has a market cap of $63.70 billion, a P/E ratio of 11.78 and a beta of 1.48.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.4117 dividend. 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 dividend yield of 5.43%. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 77.88%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note 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. Raymond James restated a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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).