RD Lewis Holdings Inc. Takes Position in Canadian Natural Resources Limited (NYSE:CNQ)

RD Lewis Holdings Inc. purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,048 shares of the oil and gas producer’s stock, valued at approximately $1,338,000. Canadian Natural Resources comprises approximately 1.5% of RD Lewis Holdings Inc.’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds also recently made changes to their positions in CNQ. Holocene Advisors LP acquired a new position in shares of Canadian Natural Resources during the third quarter valued at approximately $13,700,000. Principal Securities Inc. increased its stake in shares of Canadian Natural Resources by 595.2% during the fourth quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer’s stock valued at $216,000 after acquiring an additional 5,982 shares during the period. SG Americas Securities LLC increased its stake in shares of Canadian Natural Resources by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock valued at $9,151,000 after acquiring an additional 17,694 shares during the period. CIBC Asset Management Inc increased its stake in shares of Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after acquiring an additional 1,270,945 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock valued at $136,994,000 after acquiring an additional 2,064,492 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 1.4 %

Canadian Natural Resources stock opened at $29.82 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market cap of $62.63 billion, a price-to-earnings ratio of 11.58 and a beta of 1.48. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The firm’s 50 day moving average price is $30.20 and its two-hundred day moving average price is $32.35.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a yield of 5.52%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources’s payout ratio is presently 77.88%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNQ. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Raymond James reiterated a “market perform” rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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).