Epacria Capital Partners LLC Acquires 25,561 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Epacria Capital Partners LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 16.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,964 shares of the oil and gas producer's stock after purchasing an additional 25,561 shares during the period. Canadian Natural Resources comprises approximately 4.7% of Epacria Capital Partners LLC's investment portfolio, making the stock its 7th largest holding. Epacria Capital Partners LLC's holdings in Canadian Natural Resources were worth $5,586,000 as of its most recent SEC filing.

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

Canadian Natural Resources Price Performance

CNQ traded up $0.83 during trading hours on Monday, hitting $31.34. The company's stock had a trading volume of 2,907,768 shares, compared to its average volume of 5,408,392. The business's 50-day moving average price is $28.98 and its 200-day moving average price is $30.78. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.86. The stock has a market cap of $65.64 billion, a price-to-earnings ratio of 12.16 and a beta of 1.04. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

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

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.4227 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.69 annualized dividend and a dividend yield of 5.40%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio is 63.92%.

Wall Street Analyst Weigh In

CNQ has been the topic of several analyst reports. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Three investment 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 has an average rating of "Moderate Buy" and a consensus price target 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).