Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Sharp Financial Services LLC

Sharp Financial Services LLC decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 41.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,065 shares of the oil and gas producer's stock after selling 7,975 shares during the period. Sharp Financial Services LLC's holdings in Canadian Natural Resources were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its stake in Canadian Natural Resources by 8.7% during the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock worth $2,857,337,000 after purchasing an additional 7,372,718 shares during the period. Summit Financial LLC purchased a new position in Canadian Natural Resources during the fourth quarter worth approximately $267,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian Natural Resources by 31.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock worth $414,223,000 after purchasing an additional 3,224,548 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Canadian Natural Resources in the 1st quarter valued at $757,000. Finally, PKO Investment Management Joint Stock Co purchased a new position in shares of Canadian Natural Resources in the 4th quarter valued at $2,452,000. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CNQ. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. 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, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock traded down $0.45 during trading hours on Monday, reaching $31.77. The company's stock had a trading volume of 3,142,336 shares, compared to its average volume of 5,784,891. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. The company's 50 day simple moving average is $31.23 and its 200 day simple moving average is $30.34. The stock has a market cap of $66.46 billion, a P/E ratio of 12.46 and a beta of 1.03. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $37.91.

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

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were given a dividend of $0.4227 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.32%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, June 13th. Canadian Natural Resources's payout ratio is 67.06%.

Canadian Natural Resources Company 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).