Rockingstone Advisors LLC Sells 13,500 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Rockingstone Advisors LLC lessened its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,195 shares of the oil and gas producer's stock after selling 13,500 shares during the quarter. Rockingstone Advisors LLC's holdings in Canadian Natural Resources were worth $1,854,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC grew its holdings in Canadian Natural Resources by 56.3% during the 4th quarter. Yousif Capital Management LLC now owns 27,065 shares of the oil and gas producer's stock worth $835,000 after acquiring an additional 9,745 shares during the period. Choreo LLC grew its stake in shares of Canadian Natural Resources by 3.2% during the fourth quarter. Choreo LLC now owns 21,594 shares of the oil and gas producer's stock worth $661,000 after purchasing an additional 678 shares during the period. Moloney Securities Asset Management LLC grew its stake in shares of Canadian Natural Resources by 14.1% during the fourth quarter. Moloney Securities Asset Management LLC now owns 8,332 shares of the oil and gas producer's stock worth $257,000 after purchasing an additional 1,030 shares during the period. Empowered Funds LLC increased its holdings in Canadian Natural Resources by 21.1% in the fourth quarter. Empowered Funds LLC now owns 76,108 shares of the oil and gas producer's stock valued at $2,349,000 after purchasing an additional 13,277 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded up $0.26 during trading on Thursday, reaching $32.99. 13,592,423 shares of the stock were exchanged, compared to its average volume of 5,616,514. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91. The stock has a 50-day moving average price of $29.61 and a 200-day moving average price of $30.35. The firm has a market cap of $69.10 billion, a PE ratio of 12.81 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

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 for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. Research analysts expect that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.4227 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a yield of 5.13%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CNQ shares. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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).