Vontobel Holding Ltd. Grows Position in Canadian Natural Resources Limited (NYSE:CNQ)

Vontobel Holding Ltd. increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,400 shares of the oil and gas producer’s stock after acquiring an additional 1,764 shares during the quarter. Vontobel Holding Ltd.’s holdings in Canadian Natural Resources were worth $616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNQ. Central Bank & Trust Co. acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at $26,000. Janiczek Wealth Management LLC boosted its holdings in Canadian Natural Resources by 39.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 609 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 173 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Canadian Natural Resources by 21.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,070 shares of the oil and gas producer’s stock valued at $70,000 after acquiring an additional 187 shares during the period. Washington Trust Advisors Inc. increased its stake in Canadian Natural Resources by 238.1% during the third quarter. Washington Trust Advisors Inc. now owns 1,136 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 800 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Canadian Natural Resources by 42.4% in the 3rd quarter. Lindbrook Capital LLC now owns 1,378 shares of the oil and gas producer’s stock worth $89,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on Canadian Natural Resources from $101.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Five 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, Canadian Natural Resources presently has a consensus rating of “Hold” and an average target price of $94.00.

Canadian Natural Resources Trading Up 0.2 %

Shares of CNQ opened at $76.71 on Tuesday. Canadian Natural Resources Limited has a 12 month low of $52.66 and a 12 month high of $82.58. The stock’s 50-day moving average is $72.85 and its two-hundred day moving average is $67.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.69. The stock has a market cap of $82.24 billion, a PE ratio of 13.85 and a beta of 1.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 EPS for the quarter, topping the consensus estimate of $1.59 by $0.13. The firm had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. Equities analysts forecast that Canadian Natural Resources Limited will post 5.7 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.774 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.72. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, March 14th. Canadian Natural Resources’s payout ratio is presently 53.25%.

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).