Kestra Private Wealth Services LLC Has $9.14 Million Stake in Canadian Natural Resources Limited $CNQ

Kestra Private Wealth Services LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,948 shares of the oil and gas producer's stock after purchasing an additional 47,098 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Canadian Natural Resources were worth $9,138,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNQ. Massachusetts Financial Services Co. MA lifted its holdings in shares of Canadian Natural Resources by 179.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,616,347 shares of the oil and gas producer's stock valued at $393,213,000 after acquiring an additional 7,455,286 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Canadian Natural Resources by 1.9% during the third quarter. Vanguard Group Inc. now owns 92,486,389 shares of the oil and gas producer's stock valued at $2,957,252,000 after acquiring an additional 1,744,290 shares during the period. Bank of America Corp DE lifted its holdings in shares of Canadian Natural Resources by 17.6% during the third quarter. Bank of America Corp DE now owns 9,172,873 shares of the oil and gas producer's stock valued at $293,165,000 after acquiring an additional 1,371,122 shares during the period. Scotia Capital Inc. lifted its holdings in shares of Canadian Natural Resources by 17.4% during the third quarter. Scotia Capital Inc. now owns 8,372,021 shares of the oil and gas producer's stock valued at $267,665,000 after acquiring an additional 1,242,197 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Canadian Natural Resources by 11.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,614,291 shares of the oil and gas producer's stock valued at $307,344,000 after acquiring an additional 983,892 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of analyst reports. Wall Street Zen raised Canadian Natural Resources from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Raymond James Financial lowered Canadian Natural Resources from a "moderate buy" rating to a "hold" rating in a research note on Monday, March 30th. ATB Cormark Capital Markets lowered Canadian Natural Resources from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 5th. Evercore lowered Canadian Natural Resources from an "outperform" rating to an "in-line" rating in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada raised their target price on Canadian Natural Resources from $61.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $45.05 on Tuesday. Canadian Natural Resources Limited has a twelve month low of $27.93 and a twelve month high of $51.34. The firm has a market cap of $93.97 billion, a PE ratio of 12.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.95. The business has a fifty day moving average of $46.08 and a 200-day moving average of $38.06.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its earnings results on Thursday, March 5th. The oil and gas producer reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. Canadian Natural Resources had a return on equity of 17.84% and a net margin of 24.48%.The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same period last year, the company posted $0.93 earnings per share. On average, equities research analysts predict that Canadian Natural Resources Limited will post 3.17 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Friday, March 20th were issued a $0.625 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.59. This represents a $2.50 annualized dividend and a yield of 5.5%. The ex-dividend date was Friday, March 20th. Canadian Natural Resources's dividend payout ratio (DPR) is 49.59%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited NYSE: CNQ is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company's operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.