Gold Investment Management Ltd. Has $2.80 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Gold Investment Management Ltd. increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,687 shares of the oil and gas producer’s stock after acquiring an additional 2,618 shares during the period. Canadian Natural Resources comprises approximately 1.2% of Gold Investment Management Ltd.’s holdings, making the stock its 29th largest holding. Gold Investment Management Ltd.’s holdings in Canadian Natural Resources were worth $2,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Canadian Natural Resources by 21.2% in the third quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock valued at $893,000 after purchasing an additional 4,702 shares in the last quarter. Old West Investment Management LLC boosted its holdings in Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock valued at $11,822,000 after acquiring an additional 151,237 shares during the last quarter. Empowered Funds LLC increased its position in Canadian Natural Resources by 8.9% in the third quarter. Empowered Funds LLC now owns 62,831 shares of the oil and gas producer’s stock worth $2,087,000 after purchasing an additional 5,151 shares during the period. Coastline Trust Co bought a new stake in Canadian Natural Resources during the 3rd quarter worth about $33,000. Finally, Natixis Advisors LLC lifted its position in 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 valued at $16,948,000 after purchasing an additional 61,473 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CNQ. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Royal Bank of Canada raised their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and an average target price of $63.00.

Canadian Natural Resources Trading Up 2.4 %

CNQ opened at $29.40 on Monday. The firm’s fifty day moving average is $30.25 and its two-hundred day moving average is $32.40. The firm has a market cap of $61.76 billion, a PE ratio of 11.42 and a beta of 1.48. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.4117 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a yield of 5.60%. Canadian Natural Resources’s 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).