Quantbot Technologies LP Purchases 65,321 Shares of Canadian Natural Resources Limited $CNQ

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Quantbot Technologies LP lifted its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 67.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,713 shares of the oil and gas producer's stock after buying an additional 65,321 shares during the period. Quantbot Technologies LP's holdings in Canadian Natural Resources were worth $4,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CNQ. Goldman Sachs Group Inc. boosted its stake in shares of Canadian Natural Resources by 240.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,776,594 shares of the oil and gas producer's stock worth $701,519,000 after buying an additional 16,094,168 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Canadian Natural Resources by 86.6% in the 1st quarter. Bank of Nova Scotia now owns 24,262,707 shares of the oil and gas producer's stock worth $746,675,000 after buying an additional 11,259,267 shares during the last quarter. Canoe Financial LP boosted its stake in shares of Canadian Natural Resources by 403.7% in 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 during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Canadian Natural Resources by 7.3% in 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 during the last quarter. Finally, Nuveen LLC purchased a new position in Canadian Natural Resources during the first quarter valued at $68,342,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded up $0.9450 during trading hours on Friday, hitting $31.1050. The company's stock had a trading volume of 6,376,181 shares, compared to its average volume of 4,734,935. The business has a 50 day moving average price of $31.41 and a two-hundred day moving average price of $30.31. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The company has a market cap of $64.98 billion, a PE ratio of 11.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.85.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $8.97 billion. During the same period in the previous year, the business earned $0.88 earnings per share. Analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a $0.4269 dividend. The ex-dividend date is Friday, September 19th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.42. This represents a $1.71 annualized dividend and a dividend yield of 5.5%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 60.64%.

Analyst Ratings Changes

CNQ has been the topic of several analyst reports. National Bankshares reiterated a "sector perform" rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their target price on Canadian Natural Resources from $64.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Raymond James Financial reiterated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Canadian Natural Resources 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).