Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co reduced its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 20.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,400 shares of the oil and gas producer's stock after selling 16,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Canadian Natural Resources were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after purchasing an additional 7,372,718 shares during the period. Vanguard Group Inc. grew its stake in shares of Canadian Natural Resources by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer's stock valued at $2,778,729,000 after buying an additional 456,814 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Canadian Natural Resources by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer's stock worth $1,362,332,000 after buying an additional 550,242 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Canadian Natural Resources by 5.3% in 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 during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Canadian Natural Resources by 7.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock valued at $1,051,210,000 after acquiring an additional 2,312,437 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Up 2.0%

NYSE:CNQ traded up $0.68 during trading hours on Tuesday, hitting $34.00. The stock had a trading volume of 9,366,847 shares, compared to its average volume of 5,656,655. The company has a market cap of $71.11 billion, a PE ratio of 13.20 and a beta of 1.03. The business has a 50 day simple moving average of $30.08 and a two-hundred day simple moving average of $30.30. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $10.14 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the firm posted $1.37 EPS. Analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.4227 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a yield of 4.97%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three 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 presently has an average rating of "Moderate Buy" and an average target price 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).