Bridgefront Capital LLC Invests $276,000 in Canadian Natural Resources Limited (NYSE:CNQ)

Bridgefront Capital LLC acquired a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,934 shares of the oil and gas producer's stock, valued at approximately $276,000.

Several other large investors also recently added to or reduced their stakes in CNQ. Cary Street Partners Financial LLC bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $366,000. Banque Transatlantique SA purchased a new position in Canadian Natural Resources in the 4th quarter worth approximately $460,000. Bearing Point Capital LLC bought a new position in shares of Canadian Natural Resources in the 4th quarter worth $445,000. BNP Paribas Financial Markets lifted its holdings in shares of Canadian Natural Resources by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 239,932 shares of the oil and gas producer's stock worth $7,407,000 after acquiring an additional 95,793 shares during the last quarter. Finally, Algert Global LLC grew its position in Canadian Natural Resources by 22.8% in the fourth quarter. Algert Global LLC now owns 56,154 shares of the oil and gas producer's stock worth $1,732,000 after acquiring an additional 10,436 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Up 1.6 %

NYSE:CNQ traded up $0.49 during mid-day trading on Friday, reaching $30.53. 5,543,852 shares of the company's stock traded hands, compared to its average volume of 5,418,095. The firm has a market capitalization of $63.95 billion, a price-to-earnings ratio of 11.86 and a beta of 1.04. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $38.86. The company has a 50 day moving average price of $28.98 and a 200-day moving average price of $30.81. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate 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 earned $1.37 EPS. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.4227 per share. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.54%. Canadian Natural Resources's dividend payout ratio is 63.92%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNQ shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. 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. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Evercore ISI upgraded 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 upgraded shares of 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

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).