Boston Partners Has $275.57 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Boston Partners cut its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,916,866 shares of the oil and gas producer’s stock after selling 126,998 shares during the quarter. Boston Partners’ holdings in Canadian Natural Resources were worth $275,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its holdings in shares of Canadian Natural Resources by 10.8% during the 4th quarter. Intech Investment Management LLC now owns 309,987 shares of the oil and gas producer’s stock worth $9,566,000 after buying an additional 30,178 shares during the period. RD Lewis Holdings Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $1,338,000. Cadence Wealth Management LLC boosted its holdings in shares of Canadian Natural Resources by 4.4% during the 4th quarter. Cadence Wealth Management LLC now owns 15,439 shares of the oil and gas producer’s stock worth $477,000 after buying an additional 644 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Canadian Natural Resources by 8.2% during the 4th quarter. Tocqueville Asset Management L.P. now owns 56,424 shares of the oil and gas producer’s stock worth $1,742,000 after buying an additional 4,265 shares during the period. Finally, Gold Investment Management Ltd. boosted its holdings in shares of Canadian Natural Resources by 3.0% during the 4th quarter. Gold Investment Management Ltd. now owns 90,687 shares of the oil and gas producer’s stock worth $2,799,000 after buying an additional 2,618 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $29.96 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $62.92 billion, a P/E ratio of 11.63 and a beta of 1.48. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month high of $41.29. The firm has a 50-day moving average price of $30.14 and a two-hundred day moving average price of $32.30.

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 dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Friday, March 21st. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Analysts Set New Price Targets

CNQ has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus price target 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).