Canadian Natural Resources Limited (NYSE:CNQ) is K.J. Harrison & Partners Inc's 7th Largest Position

K.J. Harrison & Partners Inc reduced its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 16.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 325,675 shares of the oil and gas producer's stock after selling 66,151 shares during the quarter. Canadian Natural Resources comprises about 2.0% of K.J. Harrison & Partners Inc's portfolio, making the stock its 7th largest holding. K.J. Harrison & Partners Inc's holdings in Canadian Natural Resources were worth $10,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. purchased a new stake in Canadian Natural Resources during the 4th quarter valued at about $214,000. Bank of New York Mellon Corp grew its stake in Canadian Natural Resources by 87.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock valued at $136,994,000 after acquiring an additional 2,064,492 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Canadian Natural Resources in the 4th quarter worth $977,000. Sage Investment Counsel LLC purchased a new position in Canadian Natural Resources during the fourth quarter valued at $426,000. Finally, Fisher Asset Management LLC grew its position in shares of Canadian Natural Resources by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock valued at $1,362,332,000 after purchasing an additional 550,242 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CNQ shares. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up $0.75 during mid-day trading on Wednesday, reaching $32.41. The stock had a trading volume of 3,938,646 shares, compared to its average volume of 6,923,521. The company has a market cap of $67.79 billion, a P/E ratio of 12.71 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The business has a 50-day simple moving average of $31.04 and a 200 day simple moving average of $30.30.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm 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 in the previous year, the firm posted $1.37 EPS. On average, sell-side 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 will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.4227 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, June 13th. Canadian Natural Resources's dividend payout ratio is currently 67.06%.

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).