Fidelis Capital Partners LLC Has $281,000 Position in Canadian Natural Resources Limited (NYSE:CNQ)

Fidelis Capital Partners LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,287 shares of the oil and gas producer’s stock after purchasing an additional 274 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Canadian Natural Resources were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Canadian Natural Resources by 30.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,128 shares of the oil and gas producer’s stock worth $814,000 after buying an additional 3,055 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Canadian Natural Resources in the 1st quarter worth about $403,000. PNC Financial Services Group Inc. raised its stake in Canadian Natural Resources by 26.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,727 shares of the oil and gas producer’s stock worth $1,036,000 after purchasing an additional 3,448 shares in the last quarter. BlackRock Inc. raised its stake in Canadian Natural Resources by 31.5% in the 1st quarter. BlackRock Inc. now owns 896,093 shares of the oil and gas producer’s stock worth $55,540,000 after purchasing an additional 214,665 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in Canadian Natural Resources by 2.3% in the 1st quarter. Raymond James Trust N.A. now owns 8,432 shares of the oil and gas producer’s stock worth $523,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $94.00.

Canadian Natural Resources Trading Down 0.4 %

Shares of Canadian Natural Resources stock opened at $76.54 on Friday. The firm has a market capitalization of $82.06 billion, a PE ratio of 13.82 and a beta of 1.54. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $72.53 and its 200 day moving average is $67.25. Canadian Natural Resources Limited has a 1 year low of $52.66 and a 1 year high of $82.58.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results 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. The company had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. Equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.774 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. This represents a $3.10 annualized dividend and a dividend yield of 4.04%. Canadian Natural Resources’s payout ratio is 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).