12,504 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. acquired a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,504 shares of the oil and gas producer's stock, valued at approximately $385,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after purchasing an additional 7,372,718 shares in the last quarter. Principal Securities Inc. grew its position in Canadian Natural Resources by 595.2% during the fourth quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock worth $216,000 after buying an additional 5,982 shares during the period. Bank of New York Mellon Corp grew its position in Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after buying an additional 2,064,492 shares during the period. Capital Wealth Planning LLC increased its holdings in Canadian Natural Resources by 8.8% in the fourth quarter. Capital Wealth Planning LLC now owns 139,203 shares of the oil and gas producer's stock valued at $4,297,000 after buying an additional 11,296 shares in the last quarter. Finally, Summit Financial LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $267,000. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNQ. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $33.58 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. The business's fifty day moving average price is $30.46 and its two-hundred day moving average price is $30.35. The stock has a market cap of $70.23 billion, a PE ratio of 13.17 and a beta of 1.03. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $37.91.

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 the consensus estimate 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 return on equity of 20.90% and a net margin of 16.92%. During the same period in the prior year, the business earned $1.37 earnings per share. On average, analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal 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 $0.4227 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 5.04%. This is a positive change 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 dividend payout ratio is 67.06%.

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).

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