GAMMA Investing LLC Has $865,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

GAMMA Investing LLC increased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2,969.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,642 shares of the oil and gas producer's stock after buying an additional 25,774 shares during the quarter. GAMMA Investing LLC's holdings in Canadian Natural Resources were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 439 shares during the period. Orion Portfolio Solutions LLC increased its stake 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 valued at $2,530,000 after buying an additional 497 shares during the period. Global Retirement Partners LLC raised its position in shares of Canadian Natural Resources by 4.5% during the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock worth $370,000 after acquiring an additional 514 shares during the last quarter. Waterfront Wealth Inc. raised its position in shares of Canadian Natural Resources by 1.8% during the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after acquiring an additional 520 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Canadian Natural Resources by 8.0% in the first quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock worth $218,000 after acquiring an additional 525 shares during the period. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Down 0.6%

NYSE CNQ traded down $0.21 on Friday, hitting $33.40. 3,218,409 shares of the company were exchanged, compared to its average volume of 5,646,939. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The company has a market cap of $69.85 billion, a PE ratio of 13.10 and a beta of 1.03. The stock has a fifty day moving average of $30.46 and a 200-day moving average of $30.35. 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 released its quarterly earnings data 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 company had revenue of $6.96 billion for 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 quarter in the prior year, the firm earned $1.37 EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a $0.4227 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Friday, June 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio (DPR) is 67.06%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. 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.com, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

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).