Natixis Advisors LLC Has $11.72 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Key Points

• Natixis Advisors LLC has reduced its investment in Canadian Natural Resources Limited by 30.2%, selling 164,617 shares and bringing its stake to $11.72 million.
• The company reported $0.81 earnings per share for the most recent quarter, exceeding analyst expectations of $0.73 and showing a significant decrease in revenue compared to the previous year.
• Canadian Natural Resources has recently increased its quarterly dividend to $0.4227 per share, representing a yield of 5.5% and a payout ratio of 67.06%.

Natixis Advisors LLC decreased its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 30.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,641 shares of the oil and gas producer's stock after selling 164,617 shares during the period. Natixis Advisors LLC's holdings in Canadian Natural Resources were worth $11,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNQ. Hurley Capital LLC acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $31,000. Investment Management Corp VA ADV boosted its stake in Canadian Natural Resources by 158.3% in the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 611 shares during the period. Versant Capital Management Inc grew its holdings in shares of Canadian Natural Resources by 253.2% during the first quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer's stock valued at $40,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank grew its holdings in shares of Canadian Natural Resources by 64.1% during the fourth quarter. Huntington National Bank now owns 1,493 shares of the oil and gas producer's stock valued at $46,000 after purchasing an additional 583 shares during the last quarter. Finally, Sierra Ocean LLC lifted its holdings in shares of Canadian Natural Resources by 104.0% in the 1st quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ traded up $0.67 on Tuesday, hitting $31.46. The stock had a trading volume of 4,920,824 shares, compared to its average volume of 4,460,497. The firm's 50 day moving average price is $31.79 and its 200-day moving average price is $30.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $37.91. The company has a market capitalization of $65.77 billion, a price-to-earnings ratio of 12.34 and a beta of 1.05.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $1.37 earnings per share. On average, equities research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.4227 per share. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, June 13th. Canadian Natural Resources's dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank restated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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).