Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,950 shares of the oil and gas producer's stock after purchasing an additional 11,941 shares during the period. M&T Bank Corp's holdings in Canadian Natural Resources were worth $3,798,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CNQ. Assetmark Inc. lifted its position in shares of Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 439 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian Natural Resources by 10.2% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock valued at $159,000 after acquiring an additional 480 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after acquiring an additional 497 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of Canadian Natural Resources by 8.0% in the first quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock worth $218,000 after buying an additional 525 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Canadian Natural Resources by 1.0% during the fourth quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer's stock valued at $1,699,000 after buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CNQ shares. Scotiabank reissued an "outperform" rating on shares of Canadian Natural Resources in a report on Friday. Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Stock Performance

CNQ stock traded down $0.29 during midday trading on Monday, reaching $31.82. 4,306,533 shares of the company were exchanged, compared to its average volume of 5,792,627. The firm has a market capitalization of $66.55 billion, a price-to-earnings ratio of 12.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $37.91. The business has a 50-day moving average price of $31.51 and a two-hundred day moving average price of $30.41.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its 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. 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 quarter in the previous year, the company posted $1.37 EPS. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a dividend of $0.4227 per share. This represents a $1.69 annualized dividend and a yield of 5.31%. 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 payout ratio is 67.06%.

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).