DekaBank Deutsche Girozentrale Has $45.25 Million Stock Holdings in Canadian Natural Resources Limited $CNQ

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Canadian Natural Resources Limited by 1.9%, holding 1,427,745 shares worth $45.25 million at the end of the second quarter.
• The company reported earnings of $0.51 per share for the most recent quarter, exceeding analyst expectations, but had revenue of $6.39 billion, below estimates of $8.97 billion.
• Canadian Natural Resources declared a quarterly dividend of $0.4269 per share, representing a slight increase from the previous dividend and a 5.7% dividend yield.

DekaBank Deutsche Girozentrale increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,427,745 shares of the oil and gas producer's stock after buying an additional 27,129 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of Canadian Natural Resources worth $45,252,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new position in shares of Canadian Natural Resources in the second quarter worth about $27,000. Investment Management Corp VA ADV increased its holdings in shares of Canadian Natural Resources by 158.3% in the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 611 shares in the last quarter. Sierra Ocean LLC increased its holdings in shares of Canadian Natural Resources by 104.0% in the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 800 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer's stock worth $51,000 after purchasing an additional 528 shares during the last quarter. Finally, Adirondack Trust Co. lifted its holdings in Canadian Natural Resources by 317.1% during the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer's stock worth $54,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $29.91 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $62.42 billion, a P/E ratio of 10.61 and a beta of 0.97. The business has a 50-day moving average of $31.32 and a 200-day moving average of $30.86. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $35.85.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $8.97 billion. During the same quarter last year, the firm earned $0.88 EPS. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were given a dividend of $0.4269 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.42. This represents a $1.71 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, September 19th. Canadian Natural Resources's payout ratio is 60.64%.

Wall Street Analyst Weigh In

CNQ has been the topic of a number of recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded Canadian Natural Resources to a "hold" rating in a report on Thursday, October 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. Raymond James Financial restated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Finally, TD Securities reaffirmed a "buy" rating on shares of Canadian Natural Resources in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of "Moderate Buy" and an average price target of $62.00.

About Canadian Natural Resources

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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