Hillsdale Investment Management Inc. Raises Stock Holdings in Canadian Natural Resources Limited $CNQ

Posted by Geri Gentry on Jul 14th, 2026

Hillsdale Investment Management Inc. boosted its position in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 58.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 775,589 shares of the oil and gas producer’s stock after acquiring an additional 287,300 shares during the period. Canadian Natural Resources accounts for 1.0% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Hillsdale Investment Management Inc.’s holdings in Canadian Natural Resources were worth $37,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC grew its stake in shares of Canadian Natural Resources by 69.0% in the first quarter. Bleakley Financial Group LLC now owns 132,059 shares of the oil and gas producer’s stock worth $6,435,000 after purchasing an additional 53,898 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in Canadian Natural Resources during the 1st quarter valued at approximately $228,000. Ferguson Wellman Capital Management Inc. bought a new position in Canadian Natural Resources during the 1st quarter valued at approximately $23,716,000. Farrow Financial Inc. lifted its holdings in Canadian Natural Resources by 0.5% in the 1st quarter. Farrow Financial Inc. now owns 69,190 shares of the oil and gas producer’s stock worth $3,372,000 after buying an additional 330 shares during the period. Finally, Candriam S.C.A. lifted its holdings in Canadian Natural Resources by 7.9% in the 1st quarter. Candriam S.C.A. now owns 25,574 shares of the oil and gas producer’s stock worth $1,244,000 after buying an additional 1,882 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

CNQ has been the topic of several research analyst reports. Weiss Ratings cut Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Scotiabank raised Canadian Natural Resources to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Zacks Research cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Read Our Latest Stock Analysis on CNQ

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $43.08 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $44.31 and its 200-day moving average price is $42.57. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week high of $51.34. The stock has a market cap of $89.42 billion, a P/E ratio of 12.86 and a beta of 0.47.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same period last year, the company earned $1.16 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, June 23rd. Canadian Natural Resources’s payout ratio is presently 54.03%.

Canadian Natural Resources Company Profile

(Free Report)

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.