Ewing Morris & Co. Investment Partners Ltd. Makes New $805,000 Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,088 shares of the oil and gas producer's stock, valued at approximately $805,000.

Other institutional investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources during the fourth quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in Canadian Natural Resources during the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in Canadian Natural Resources during the fourth quarter worth $31,000. Sandy Spring Bank purchased a new stake in Canadian Natural Resources during the fourth quarter worth $31,000. Finally, CoreFirst Bank & Trust purchased a new stake in Canadian Natural Resources during the fourth quarter worth $31,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of analyst reports. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Trading Up 1.6%

Canadian Natural Resources stock traded up $0.49 during trading on Friday, hitting $30.53. The company's stock had a trading volume of 5,543,852 shares, compared to its average volume of 5,418,095. The stock has a market capitalization of $63.95 billion, a price-to-earnings ratio of 11.86 and a beta of 1.04. The stock's fifty day moving average is $28.98 and its 200 day moving average is $30.78. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year 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.

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

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a $0.4227 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's dividend payout ratio is presently 63.92%.

Canadian Natural Resources Company 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).