Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461,826 shares of the oil and gas producer's stock after selling 63,606 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Canadian Natural Resources worth $45,024,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CNQ. Assetmark Inc. grew its holdings in Canadian Natural Resources by 57.3% in the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 439 shares during the period. PNC Financial Services Group Inc. increased its position in Canadian Natural Resources by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 89,546 shares of the oil and gas producer's stock worth $2,764,000 after purchasing an additional 7,236 shares during the last quarter. Independent Advisor Alliance purchased a new position in Canadian Natural Resources during the fourth quarter worth approximately $256,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Canadian Natural Resources by 34.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 62,168 shares of the oil and gas producer's stock valued at $1,919,000 after purchasing an additional 16,029 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Canadian Natural Resources by 6.8% during the 4th quarter. Natixis Advisors LLC now owns 545,258 shares of the oil and gas producer's stock valued at $16,832,000 after buying an additional 34,928 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Down 1.2%

Canadian Natural Resources stock traded down $0.37 during midday trading on Wednesday, hitting $30.92. 4,779,008 shares of the company were exchanged, compared to its average volume of 5,771,265. The company has a market cap of $64.68 billion, a PE ratio of 12.13 and a beta of 1.03. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $37.91. The company's fifty day moving average price is $31.64 and its 200-day moving average price is $30.42. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. During the same period in the previous year, the company posted $1.37 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a dividend of $0.4227 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a dividend yield of 5.47%. Canadian Natural Resources's dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Scotiabank reiterated an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, July 11th. 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, Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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).