Canadian Natural Resources Limited (NYSE:CNQ) is Galibier Capital Management Ltd.'s 6th Largest Position

Galibier Capital Management Ltd. decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 12.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,293 shares of the oil and gas producer's stock after selling 99,039 shares during the period. Canadian Natural Resources accounts for about 6.7% of Galibier Capital Management Ltd.'s portfolio, making the stock its 6th biggest position. Galibier Capital Management Ltd.'s holdings in Canadian Natural Resources were worth $21,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in Canadian Natural Resources during the 4th quarter worth approximately $25,000. Sandy Spring Bank acquired a new position in Canadian Natural Resources during the 4th quarter worth approximately $31,000. CoreFirst Bank & Trust acquired a new position in Canadian Natural Resources during the 4th quarter worth approximately $31,000. Hurley Capital LLC acquired a new position in Canadian Natural Resources during the 4th quarter worth approximately $31,000. Finally, Assetmark Inc. raised its stake in Canadian Natural Resources by 57.3% during the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after buying an additional 439 shares during the period. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Up 0.9%

Shares of Canadian Natural Resources stock traded up $0.30 on Friday, hitting $32.09. The company had a trading volume of 4,805,822 shares, compared to its average volume of 5,797,558. 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 stock has a market capitalization of $67.12 billion, a price-to-earnings ratio of 12.58 and a beta of 1.03. The stock has a 50 day moving average of $31.51 and a 200-day moving average of $30.40. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $1.37 earnings per share. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a dividend of $0.4227 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase 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 dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

Several brokerages have recently commented on CNQ. Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Finally, Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

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).