Trexquant Investment LP Has $393,000 Stock Holdings in Canadian Natural Resources Limited $CNQ

Trexquant Investment LP decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 91.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,773 shares of the oil and gas producer's stock after selling 136,637 shares during the period. Trexquant Investment LP's holdings in Canadian Natural Resources were worth $393,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Investment Management Corp VA ADV raised its stake in shares of Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer's stock worth $31,000 after buying an additional 611 shares during the period. Versant Capital Management Inc boosted its holdings in Canadian Natural Resources by 253.2% during the 1st quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer's stock valued at $40,000 after acquiring an additional 937 shares during the period. Sierra Ocean LLC boosted its holdings in Canadian Natural Resources by 104.0% during the 1st quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 800 shares during the period. Opal Wealth Advisors LLC purchased a new position in Canadian Natural Resources during the 1st quarter valued at about $56,000. Finally, Cloud Capital Management LLC purchased a new position in Canadian Natural Resources during the 1st quarter valued at about $68,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Raymond James Financial reissued an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Royal Bank Of Canada cut their target price on Canadian Natural Resources from $64.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. National Bankshares reissued a "sector perform" rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Canadian Natural Resources has an average rating of "Moderate Buy" and an average price target of $62.00.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded down $0.01 during trading on Friday, reaching $31.21. The company had a trading volume of 4,754,214 shares, compared to its average volume of 6,131,079. The firm has a market capitalization of $65.14 billion, a price-to-earnings ratio of 11.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54. The stock's fifty day moving average price is $31.03 and its 200 day moving average price is $30.42. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $8.97 billion. During the same period in the prior year, the business earned $0.88 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a $0.4269 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.71 annualized dividend and a dividend yield of 5.5%. Canadian Natural Resources's dividend payout ratio (DPR) is 60.64%.

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).