Cerity Partners LLC lowered its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,458 shares of the oil and gas producer's stock after selling 13,279 shares during the quarter. Cerity Partners LLC's holdings in Canadian Natural Resources were worth $8,484,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after buying an additional 7,372,718 shares in the last quarter. Summit Financial LLC acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $267,000. Janney Montgomery Scott LLC acquired a new stake in shares of Canadian Natural Resources during the first quarter valued at $757,000. PKO Investment Management Joint Stock Co acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $2,452,000. Finally, Baskin Financial Services Inc. boosted its stake in shares of Canadian Natural Resources by 0.9% during the first quarter. Baskin Financial Services Inc. now owns 1,005,012 shares of the oil and gas producer's stock valued at $30,921,000 after acquiring an additional 8,861 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.
Canadian Natural Resources Trading Down 0.7%
NYSE:CNQ traded down $0.21 during mid-day trading on Friday, reaching $30.81. The company's stock had a trading volume of 4,938,048 shares, compared to its average volume of 5,757,653. The company's fifty day simple moving average is $31.71 and its two-hundred day simple moving average is $30.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $37.91. The stock has a market cap of $64.45 billion, a P/E ratio of 12.08 and a beta of 1.03.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results 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. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $1.37 EPS. On average, equities analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current year.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were paid a $0.4227 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 5.49%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, June 13th. Canadian Natural Resources's dividend payout ratio (DPR) is presently 67.06%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. National Bankshares reaffirmed a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday. 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.00.
Read Our Latest Stock Analysis on Canadian Natural Resources
Canadian Natural Resources Profile
(
Free Report)
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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