West Family Investments Inc. Acquires 423 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

West Family Investments Inc. raised its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,288 shares of the oil and gas producer’s stock after acquiring an additional 423 shares during the period. West Family Investments Inc.’s holdings in Canadian Natural Resources were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Canadian Natural Resources by 993.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 206,580 shares of the oil and gas producer’s stock worth $13,535,000 after purchasing an additional 187,694 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Canadian Natural Resources by 556.7% in the fourth quarter. Cerity Partners LLC now owns 96,338 shares of the oil and gas producer’s stock worth $6,312,000 after purchasing an additional 81,669 shares during the last quarter. Baskin Financial Services Inc. grew its holdings in shares of Canadian Natural Resources by 3.5% in the fourth quarter. Baskin Financial Services Inc. now owns 464,287 shares of the oil and gas producer’s stock worth $30,406,000 after purchasing an additional 15,546 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Canadian Natural Resources by 130.6% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the oil and gas producer’s stock worth $10,292,000 after purchasing an additional 89,700 shares during the last quarter. Finally, NewEdge Wealth LLC grew its holdings in shares of Canadian Natural Resources by 10.8% in the fourth quarter. NewEdge Wealth LLC now owns 456,414 shares of the oil and gas producer’s stock worth $29,904,000 after purchasing an additional 44,568 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.2 %

Shares of CNQ traded down $0.15 during mid-day trading on Thursday, hitting $74.80. 1,148,864 shares of the company traded hands, compared to its average volume of 3,248,817. Canadian Natural Resources Limited has a 1-year low of $52.66 and a 1-year high of $82.58. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $80.20 billion, a PE ratio of 13.52 and a beta of 1.52. The business has a 50 day moving average of $74.87 and a 200 day moving average of $68.01.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.13. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. The firm had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $6.73 billion. Equities research analysts anticipate that Canadian Natural Resources Limited will post 5.71 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.774 dividend. This represents a $3.10 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.72. Canadian Natural Resources’s dividend payout ratio is 53.25%.

Analysts Set New Price Targets

CNQ has been the subject of a number of research reports. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.00.

About Canadian Natural Resources

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).