Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 92.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,615 shares of the oil and gas producer's stock after purchasing an additional 17,542 shares during the period. Vise Technologies Inc.'s holdings in Canadian Natural Resources were worth $1,130,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. bought a new stake in Canadian Natural Resources in the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in Canadian Natural Resources in the 4th quarter worth approximately $31,000. Sandy Spring Bank bought a new stake in Canadian Natural Resources in the 4th quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $31,000. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Down 1.8%

CNQ stock traded down $0.54 during mid-day trading on Friday, reaching $30.23. The company had a trading volume of 1,270,746 shares, compared to its average volume of 5,516,137. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a 50 day moving average of $29.46 and a 200 day moving average of $30.50. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.51. The company has a market capitalization of $63.31 billion, a PE ratio of 11.73 and a beta of 1.04.

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, beating 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 18.45% and a return on equity of 20.07%. During the same period last year, the firm earned $1.37 earnings per share. On average, equities analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.4227 per share. This represents a $1.69 annualized dividend and a dividend yield of 5.59%. 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 63.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNQ. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. 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. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average 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).