Azzad Asset Management Inc. ADV Purchases New Shares in Canadian Natural Resources Limited (NYSE:CNQ)

Azzad Asset Management Inc. ADV acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 154,128 shares of the oil and gas producer's stock, valued at approximately $4,747,000.

Several other large investors have also recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in Canadian Natural Resources by 57.3% during the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 valued at $159,000 after purchasing an additional 480 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after purchasing an additional 497 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Canadian Natural Resources by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock worth $370,000 after purchasing an additional 514 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its stake in shares of Canadian Natural Resources by 1.8% in the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Up 2.0%

CNQ stock traded up $0.68 on Tuesday, reaching $34.00. The company's stock had a trading volume of 9,366,847 shares, compared to its average volume of 5,657,415. The firm has a market cap of $71.11 billion, a PE ratio of 13.33 and a beta of 1.03. The business has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $30.33. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations 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 period last year, the company posted $1.37 EPS. As a group, research analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 13th. 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 4.97%. Canadian Natural Resources's dividend payout ratio (DPR) is 67.06%.

Analyst Ratings Changes

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