Cidel Asset Management Inc. Has $4.71 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Cidel Asset Management Inc. cut its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,079 shares of the oil and gas producer's stock after selling 64,086 shares during the period. Cidel Asset Management Inc.'s holdings in Canadian Natural Resources were worth $4,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Canadian Natural Resources by 57.3% during the 4th 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. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock valued at $159,000 after buying an additional 480 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after acquiring an additional 497 shares during the period. AdvisorNet Financial Inc raised its position in 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 in the last quarter. Finally, MML Investors Services LLC lifted its holdings in Canadian Natural Resources by 1.0% in the 4th quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer's stock valued at $1,699,000 after acquiring an additional 528 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Up 0.8%

Shares of NYSE:CNQ traded up $0.25 during mid-day trading on Tuesday, hitting $31.65. The stock had a trading volume of 2,873,598 shares, compared to its average volume of 5,761,103. The company's 50 day moving average is $31.00 and its 200-day moving average is $30.29. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market cap of $66.20 billion, a PE ratio of 12.41 and a beta of 1.03.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping the consensus estimate 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 business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm posted $1.37 earnings per share. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.4227 per share. This represents a $1.69 annualized dividend and a yield of 5.34%. 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 payout ratio is 67.06%.

Analysts Set New Price Targets

A number of research firms recently commented on CNQ. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Company 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).