Allianz Asset Management GmbH Has $25.88 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Allianz Asset Management GmbH boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 650.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 841,074 shares of the oil and gas producer's stock after buying an additional 728,975 shares during the period. Allianz Asset Management GmbH's holdings in Canadian Natural Resources were worth $25,877,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock worth $159,000 after buying an additional 480 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Canadian Natural Resources by 0.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock valued at $2,530,000 after purchasing an additional 497 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Canadian Natural Resources by 8.0% in the 1st quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock valued at $218,000 after purchasing an additional 525 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Canadian Natural Resources by 1.0% in the 4th quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer's stock valued at $1,699,000 after purchasing an additional 528 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its stake in shares of Canadian Natural Resources by 0.7% in the 1st quarter. Peak Financial Advisors LLC now owns 77,253 shares of the oil and gas producer's stock valued at $2,379,000 after purchasing an additional 557 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNQ shares. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Scotiabank restated an "outperform" rating on shares of Canadian Natural Resources in a research note on Friday, July 11th. Finally, National Bankshares restated a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Trading Up 2.0%

NYSE:CNQ traded up $0.61 during mid-day trading on Monday, hitting $32.00. 791,984 shares of the company's stock were exchanged, compared to its average volume of 6,599,422. The company has a 50 day simple moving average of $31.70 and a 200-day simple moving average of $30.38. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $37.91. The firm has a market capitalization of $66.91 billion, a P/E ratio of 12.55 and a beta of 1.03.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The firm 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 16.92% and a return on equity of 20.90%. During the same quarter in the previous year, the company earned $1.37 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were given a $0.4227 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.28%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's 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).