Rep. Bruce Westerman Purchases Canadian Natural Resources Limited (NYSE:CNQ) Shares

by · The Cerbat Gem

Representative Bruce Westerman (R-Arkansas) recently bought shares of Canadian Natural Resources Limited (NYSE:CNQ). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Canadian Natural Resources stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

  • Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
  • Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
  • Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
  • Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
  • Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
  • Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up $0.65 during trading hours on Friday, hitting $28.82. 7,661,564 shares of the company’s stock were exchanged, compared to its average volume of 5,426,899. The stock’s 50-day moving average is $29.06 and its 200-day moving average is $31.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $39.20. The stock has a market cap of $60.45 billion, a price-to-earnings ratio of 11.19 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.4117 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.72%. Canadian Natural Resources’s payout ratio is presently 77.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNQ. Lorne Steinberg Wealth Management Inc. grew its position in shares of Canadian Natural Resources by 1,077.2% in the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 85,535 shares of the oil and gas producer’s stock valued at $2,635,000 after acquiring an additional 78,269 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Canadian Natural Resources during the first quarter worth approximately $757,000. Opal Wealth Advisors LLC bought a new stake in shares of Canadian Natural Resources during the 1st quarter valued at $56,000. Hennessy Advisors Inc. lifted its position in Canadian Natural Resources by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 195,500 shares of the oil and gas producer’s stock worth $6,021,000 after purchasing an additional 24,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Canadian Natural Resources by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,803 shares of the oil and gas producer’s stock worth $1,134,000 after acquiring an additional 2,756 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Get Our Latest Stock Analysis on Canadian Natural Resources

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Canadian Natural Resources

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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).

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