Canadian Natural Resources Limited $CNQ Shares Bought by Ewing Morris & Co. Investment Partners Ltd.

Key Points

• Ewing Morris & Co. Investment Partners Ltd. increased its holdings in Canadian Natural Resources Limited by 46.2%, owning a total of 38,128 shares valued at $1,174,000.
• Canadian Natural Resources will pay a quarterly dividend of $0.4269 per share on October 3rd, increasing from the previous dividend of $0.42.
• In its latest earnings report, Canadian Natural Resources reported $0.51 EPS, exceeding analysts' expectations of $0.44, despite a decline in revenue compared to the previous year.

Ewing Morris & Co. Investment Partners Ltd. raised its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 46.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,128 shares of the oil and gas producer's stock after buying an additional 12,040 shares during the quarter. Ewing Morris & Co. Investment Partners Ltd.'s holdings in Canadian Natural Resources were worth $1,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CNQ. T. Rowe Price Investment Management Inc. lifted its position in shares of Canadian Natural Resources by 29.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 43,968,120 shares of the oil and gas producer's stock worth $1,354,219,000 after purchasing an additional 9,915,345 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Canadian Natural Resources by 13.0% during the first quarter. Canada Pension Plan Investment Board now owns 41,769,153 shares of the oil and gas producer's stock worth $1,285,464,000 after purchasing an additional 4,805,451 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Canadian Natural Resources by 4.8% during the first quarter. Mackenzie Financial Corp now owns 33,100,240 shares of the oil and gas producer's stock worth $1,018,469,000 after purchasing an additional 1,519,523 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Canadian Natural Resources by 1.9% during the first quarter. 1832 Asset Management L.P. now owns 31,822,379 shares of the oil and gas producer's stock worth $980,129,000 after purchasing an additional 603,101 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Canadian Natural Resources by 86.6% during the first quarter. Bank of Nova Scotia now owns 24,262,707 shares of the oil and gas producer's stock worth $746,675,000 after purchasing an additional 11,259,267 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Ratings Changes

CNQ has been the topic of a number of recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, July 11th. Raymond James Financial reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, August 8th. Royal Bank Of Canada cut their target price on shares of Canadian Natural Resources from $64.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. National Bankshares reaffirmed a "sector perform" rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Finally, Zacks Research raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded up $0.14 on Thursday, hitting $31.37. The company's stock had a trading volume of 4,136,510 shares, compared to its average volume of 6,450,449. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $37.91. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $31.17 and a 200-day moving average price of $30.36. The company has a market capitalization of $65.53 billion, a P/E ratio of 11.12 and a beta of 1.03.

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 EPS 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 period in the previous year, the firm earned $0.88 EPS. On average, equities research analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.4269 per share. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.71 dividend on an annualized basis and a yield of 5.4%. Canadian Natural Resources's dividend payout ratio is currently 60.64%.

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).