Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Lifted by Peterson Wealth Services

Peterson Wealth Services increased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 8.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,715 shares of the oil and gas producer's stock after acquiring an additional 13,711 shares during the period. Canadian Natural Resources makes up 1.7% of Peterson Wealth Services' portfolio, making the stock its 17th biggest position. Peterson Wealth Services' holdings in Canadian Natural Resources were worth $5,566,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CNQ. FMR LLC increased its holdings in shares of Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after acquiring an additional 7,372,718 shares during the period. Canoe Financial LP raised its position in shares of Canadian Natural Resources by 403.7% during the 1st quarter. Canoe Financial LP now owns 4,738,577 shares of the oil and gas producer's stock worth $145,828,000 after buying an additional 3,797,846 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Canadian Natural Resources by 30.1% during the 4th quarter. Geode Capital Management LLC now owns 12,708,163 shares of the oil and gas producer's stock worth $400,222,000 after buying an additional 2,939,866 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Canadian Natural Resources by 7.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock worth $1,051,210,000 after buying an additional 2,312,437 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Canadian Natural Resources by 5.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 36,963,702 shares of the oil and gas producer's stock worth $1,139,753,000 after buying an additional 1,844,700 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on CNQ shares. National Bankshares restated a "sector perform" rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Scotiabank restated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Price Performance

Shares of CNQ traded down $0.02 during mid-day trading on Thursday, hitting $31.39. The company's stock had a trading volume of 1,821,033 shares, compared to its average volume of 6,648,364. The firm has a 50-day moving average price of $31.67 and a 200 day moving average price of $30.43. The stock has a market capitalization of $65.62 billion, a price-to-earnings ratio of 12.31 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 fifty-two week low of $24.65 and a fifty-two week high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced 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 company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. During the same quarter in the previous year, the company posted $1.37 EPS. On average, research analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.4227 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.69 annualized dividend and a dividend yield of 5.39%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's 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).