Roundview Capital LLC Takes Position in Canadian Natural Resources Limited (NYSE:CNQ)

Roundview Capital LLC purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,800 shares of the oil and gas producer's stock, valued at approximately $1,657,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake 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 valued at $2,857,337,000 after acquiring an additional 7,372,718 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Canadian Natural Resources by 0.5% in 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 acquiring an additional 456,814 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in 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 valued at $1,139,753,000 after purchasing an additional 1,844,700 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in 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 valued at $1,051,210,000 after purchasing an additional 2,312,437 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Canadian Natural Resources by 4.9% during the 4th quarter. Mackenzie Financial Corp now owns 31,580,717 shares of the oil and gas producer's stock valued at $973,976,000 after purchasing an additional 1,464,807 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CNQ shares. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Scotiabank reiterated an "outperform" rating on shares of Canadian Natural Resources in a research note on Friday, July 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Finally, National Bankshares reiterated 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded up $0.22 during midday trading on Thursday, reaching $31.62. The company had a trading volume of 4,547,949 shares, compared to its average volume of 4,414,449. The stock has a market cap of $66.12 billion, a P/E ratio of 12.40 and a beta of 1.03. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week 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 0.40. The company's 50 day moving average price is $31.69 and its 200 day moving average price is $30.42.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The business 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 16.92% and a return on equity of 20.90%. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, June 13th were issued a dividend of $0.4227 per share. The ex-dividend date was Friday, June 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 5.35%. Canadian Natural Resources's dividend payout ratio is 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).