Stevens Capital Management LP increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 109.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,738 shares of the oil and gas producer’s stock after purchasing an additional 31,696 shares during the quarter. Stevens Capital Management LP’s holdings in Canadian Natural Resources Limited were worth $2,034,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Dupont Capital Management Corp lifted its stake in Canadian Natural Resources Limited by 2.1% during the third quarter. Dupont Capital Management Corp now owns 119,793 shares of the oil and gas producer’s stock worth $4,012,000 after purchasing an additional 2,430 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Canadian Natural Resources Limited by 24.5% during the third quarter. Bbva Compass Bancshares Inc. now owns 55,550 shares of the oil and gas producer’s stock worth $1,860,000 after purchasing an additional 10,948 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Canadian Natural Resources Limited during the third quarter worth approximately $3,421,000. Raymond James Financial Services Advisors Inc. lifted its stake in Canadian Natural Resources Limited by 31.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,181 shares of the oil and gas producer’s stock worth $944,000 after purchasing an additional 6,808 shares during the last quarter. Finally, Eagle Ridge Investment Management lifted its stake in Canadian Natural Resources Limited by 7.0% during the third quarter. Eagle Ridge Investment Management now owns 33,309 shares of the oil and gas producer’s stock worth $1,116,000 after purchasing an additional 2,191 shares during the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.

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Canadian Natural Resources Limited (NYSE CNQ) opened at $36.52 on Friday. The stock has a market capitalization of $44,486.47, a P/E ratio of 40.13, a PEG ratio of 8.78 and a beta of 1.49. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. Canadian Natural Resources Limited has a twelve month low of $27.52 and a twelve month high of $36.79.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be issued a $0.214 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resources Limited’s payout ratio is currently 52.07%.

Several research firms recently weighed in on CNQ. Canaccord Genuity restated a “buy” rating and set a $53.00 target price on shares of Canadian Natural Resources Limited in a research note on Wednesday. Zacks Investment Research cut Canadian Natural Resources Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley boosted their price objective on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $33.00 in a research note on Friday, July 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.90.

Canadian Natural Resources Limited Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

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