K.J. Harrison & Partners Inc Has $9.65 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

K.J. Harrison & Partners Inc grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,082 shares of the oil and gas producer’s stock after buying an additional 55,945 shares during the period. Canadian Natural Resources makes up 1.6% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 11th biggest position. K.J. Harrison & Partners Inc’s holdings in Canadian Natural Resources were worth $9,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNQ. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Canadian Natural Resources by 43.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,640,000 shares of the oil and gas producer’s stock worth $494,262,000 after buying an additional 2,305,000 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Canadian Natural Resources by 9,297.9% during the 4th quarter. WCM Investment Management LLC now owns 2,192,895 shares of the oil and gas producer’s stock valued at $143,284,000 after purchasing an additional 2,169,561 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Canadian Natural Resources by 33.4% during the 3rd quarter. Morgan Stanley now owns 7,311,061 shares of the oil and gas producer’s stock valued at $472,806,000 after purchasing an additional 1,831,015 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian Natural Resources by 15.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 12,852,785 shares of the oil and gas producer’s stock valued at $837,145,000 after purchasing an additional 1,750,013 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Canadian Natural Resources by 32.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,066,855 shares of the oil and gas producer’s stock valued at $456,999,000 after purchasing an additional 1,733,988 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

CNQ has been the topic of several recent analyst reports. Desjardins cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $94.00.

Canadian Natural Resources Stock Up 0.8 %

NYSE CNQ traded up $0.61 during trading on Friday, hitting $77.95. The stock had a trading volume of 1,599,384 shares, compared to its average volume of 3,307,754. The company has a market capitalization of $83.57 billion, a PE ratio of 14.07 and a beta of 1.54. The company’s 50-day moving average price is $74.12 and its two-hundred day moving average price is $67.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.96. Canadian Natural Resources Limited has a 12 month low of $52.66 and a 12 month high of $82.58.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share 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%. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 5.71 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.774 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 14th. This represents a $3.10 annualized dividend and a dividend yield of 3.97%. 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).