Canadian Natural Resources Limited (NYSE:CNQ) Holdings Decreased by Fiera Capital Corp

Key Points

• Fiera Capital Corp has reduced its stake in Canadian Natural Resources Limited by 24.0%, now holding 2,254,990 shares valued at approximately $69.5 million.
• Several large investors have increased their holdings in Canadian Natural Resources, with Hedge funds and institutional investors now controlling 74.03% of the company's stock.
• Canadian Natural Resources recently declared a quarterly dividend increase to $0.4227 per share, resulting in an annualized dividend yield of 5.30%.

Fiera Capital Corp lowered its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 24.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,254,990 shares of the oil and gas producer's stock after selling 713,011 shares during the period. Fiera Capital Corp owned approximately 0.11% of Canadian Natural Resources worth $69,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CNQ. Hurley Capital LLC bought a new stake in Canadian Natural Resources during the 4th quarter valued at $31,000. Investment Management Corp VA ADV raised its stake in Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 611 shares in the last quarter. Versant Capital Management Inc raised its stake in Canadian Natural Resources by 253.2% during the 1st quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer's stock valued at $40,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank increased its position in shares of Canadian Natural Resources by 64.1% during the 4th quarter. Huntington National Bank now owns 1,493 shares of the oil and gas producer's stock valued at $46,000 after purchasing an additional 583 shares during the period. Finally, Sierra Ocean LLC increased its position in shares of Canadian Natural Resources by 104.0% during the 1st 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 during the period. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded down $0.33 during mid-day trading on Wednesday, hitting $31.90. 3,607,908 shares of the stock traded hands, compared to its average volume of 6,582,308. 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 firm has a market cap of $66.69 billion, a price-to-earnings ratio of 12.51 and a beta of 1.03. The company's 50-day simple moving average is $31.76 and its 200-day simple moving average is $30.39. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $37.91.

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 earnings per share (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 return on equity of 20.90% and a net margin of 16.92%. During the same period in the previous year, the firm posted $1.37 EPS. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.4227 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.30%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, June 13th. Canadian Natural Resources's payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

CNQ has been the topic of several research analyst reports. National Bankshares reiterated a "sector perform" rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Finally, Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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).