Algert Global LLC Has $1.73 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Algert Global LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,154 shares of the oil and gas producer's stock after purchasing an additional 10,436 shares during the period. Algert Global LLC's holdings in Canadian Natural Resources were worth $1,732,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNQ. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $25,000. Sandy Spring Bank bought a new position in shares of Canadian Natural Resources in the fourth quarter worth about $31,000. CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth approximately $31,000. Finally, Hurley Capital LLC bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth $31,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Trading Up 2.6%

Shares of NYSE CNQ traded up $0.83 during mid-day trading on Tuesday, reaching $32.25. 5,326,625 shares of the company's stock were exchanged, compared to its average volume of 5,428,672. The company's 50-day moving average is $29.06 and its 200-day moving average is $30.75. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $38.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market capitalization of $67.55 billion, a price-to-earnings ratio of 12.52 and a beta of 1.04.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $1.37 EPS. Analysts expect that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a $0.4227 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.24%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's payout ratio is 63.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Finally, Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

About Canadian Natural Resources

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).