Bearing Point Capital LLC bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to its most recent filing with the SEC. The fund bought 14,422 shares of the oil and gas producer's stock, valued at approximately $445,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after buying an additional 429 shares during the period. Assetmark Inc. increased its stake in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after purchasing an additional 497 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Canadian Natural Resources by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after buying an additional 514 shares during the period. Finally, Waterfront Wealth Inc. increased its position in shares of Canadian Natural Resources by 1.8% in the 4th quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock valued at $930,000 after buying an additional 520 shares in the last quarter. Institutional investors own 74.03% of the company's stock.
Canadian Natural Resources Stock Up 1.6 %
Shares of CNQ stock traded up $0.49 during trading on Friday, reaching $30.53. The company's stock had a trading volume of 5,543,852 shares, compared to its average volume of 5,418,095. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $38.86. The business has a fifty day moving average price of $28.98 and a 200-day moving average price of $30.81. The company has a market cap of $63.95 billion, a price-to-earnings ratio of 11.86 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the previous year, the firm posted $1.37 EPS. Analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.
Canadian Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.4227 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date is Friday, June 13th. This represents a $1.69 annualized dividend and a dividend yield of 5.54%. Canadian Natural Resources's payout ratio is 63.92%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CNQ. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.00.
Read Our Latest Research Report on CNQ
Canadian Natural Resources Company Profile
(
Free Report)
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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