Canadian Natural Resources Limited $CNQ Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 91.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,773 shares of the oil and gas producer's stock after selling 136,637 shares during the quarter. Trexquant Investment LP's holdings in Canadian Natural Resources were worth $393,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CNQ. BNP Paribas Financial Markets increased its position in shares of Canadian Natural Resources by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 239,932 shares of the oil and gas producer's stock valued at $7,407,000 after purchasing an additional 95,793 shares during the period. Cetera Investment Advisers increased its position in shares of Canadian Natural Resources by 10.6% during the 4th quarter. Cetera Investment Advisers now owns 84,787 shares of the oil and gas producer's stock valued at $2,617,000 after purchasing an additional 8,148 shares during the period. EP Wealth Advisors LLC increased its position in shares of Canadian Natural Resources by 16.6% during the 4th quarter. EP Wealth Advisors LLC now owns 16,539 shares of the oil and gas producer's stock valued at $511,000 after purchasing an additional 2,357 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Canadian Natural Resources during the 4th quarter valued at $848,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Canadian Natural Resources by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,235 shares of the oil and gas producer's stock valued at $2,508,000 after purchasing an additional 2,067 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $30.31 on Tuesday. The stock has a market cap of $63.31 billion, a PE ratio of 10.75 and a beta of 1.03. The business has a fifty day simple moving average of $31.11 and a 200-day simple moving average of $30.37. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The business had revenue of $6.39 billion during the quarter, compared to analysts' expectations of $8.97 billion. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.During the same quarter last year, the firm posted $0.88 earnings per share. On average, sell-side analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a $0.4269 dividend. This represents a $1.71 annualized dividend and a dividend yield of 5.6%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 19th. Canadian Natural Resources's payout ratio is 60.64%.

Canadian Natural Resources 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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