Kestra Private Wealth Services LLC Acquires 23,580 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Kestra Private Wealth Services LLC grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,047 shares of the oil and gas producer's stock after buying an additional 23,580 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Canadian Natural Resources were worth $7,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $25,000. Sandy Spring Bank acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. CoreFirst Bank & Trust acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. Hurley Capital LLC acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. Finally, Versant Capital Management Inc increased its stake in shares of 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 worth $40,000 after purchasing an additional 937 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $30.81 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $64.45 billion, a P/E ratio of 12.08 and a beta of 1.03. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The firm has a 50-day moving average price of $31.71 and a two-hundred day moving average price of $30.43.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.4227 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date was Friday, June 13th. This represents a $1.69 annualized dividend and a yield of 5.49%. Canadian Natural Resources's dividend payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Scotiabank reiterated an "outperform" rating on shares of Canadian Natural Resources in a research note on Friday, July 11th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Company 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).

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