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Fox Run Management L.L.C. Takes Position in Canadian Natural Resources Limited $CNQ

Canadian Natural Resources logo with Energy background

Key Points

  • Fox Run Management L.L.C. has made a new investment in Canadian Natural Resources Limited, acquiring 18,951 shares valued at approximately $584,000 in the 1st quarter.
  • In the same period, other institutional investors significantly increased their stakes, with some firms boosting their positions by over 250%.
  • The company recently declared a quarterly dividend of $0.4269, representing an annualized dividend of $1.71 and a yield of 5.8%.
  • Looking to export and analyze Canadian Natural Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Fox Run Management L.L.C. bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 18,951 shares of the oil and gas producer's stock, valued at approximately $584,000.

Several other hedge funds have also recently bought and sold shares of CNQ. Sei Investments Co. grew its holdings in shares of Canadian Natural Resources by 41.9% in the first quarter. Sei Investments Co. now owns 49,307 shares of the oil and gas producer's stock valued at $1,519,000 after purchasing an additional 14,561 shares in the last quarter. Ted Buchan & Co grew its holdings in shares of Canadian Natural Resources by 64.0% in the first quarter. Ted Buchan & Co now owns 32,889 shares of the oil and gas producer's stock valued at $1,013,000 after purchasing an additional 12,833 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Canadian Natural Resources by 2,740.0% in the first quarter. Gulf International Bank UK Ltd now owns 120,926 shares of the oil and gas producer's stock worth $3,725,000 after acquiring an additional 116,668 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Canadian Natural Resources by 14.5% during the first quarter. Russell Investments Group Ltd. now owns 1,906,595 shares of the oil and gas producer's stock worth $58,698,000 after acquiring an additional 241,951 shares during the period. Finally, Sustainable Insight Capital Management LLC purchased a new stake in shares of Canadian Natural Resources during the first quarter worth $717,000. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Up 3.1%

Canadian Natural Resources stock traded up $0.9450 during midday trading on Friday, reaching $31.1050. The company's stock had a trading volume of 6,376,181 shares, compared to its average volume of 4,555,778. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two 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 company has a market cap of $64.98 billion, a P/E ratio of 11.03 and a beta of 1.05. The business has a 50-day simple moving average of $31.41 and a 200-day simple moving average of $30.31.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The company had revenue of $6.39 billion for the quarter, compared to analysts' expectations of $8.97 billion. During the same period last year, the firm earned $0.88 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be issued a $0.4269 dividend. This represents a $1.71 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, September 19th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.42. Canadian Natural Resources's dividend payout ratio (DPR) is presently 60.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on Canadian Natural Resources from $64.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, August 8th. National Bankshares reaffirmed a "sector perform" rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

Read Our Latest Research Report on Canadian Natural Resources

Canadian Natural Resources Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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