8,095 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,095 shares of the oil and gas producer's stock, valued at approximately $249,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings 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 acquiring an additional 7,372,718 shares in the last quarter. Vanguard Group Inc. increased its position in Canadian Natural Resources by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer's stock worth $2,778,729,000 after buying an additional 456,814 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Canadian Natural Resources by 5.3% during the fourth 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 last quarter. T. Rowe Price Investment Management Inc. increased its position in Canadian Natural Resources by 7.3% during the fourth 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, Mackenzie Financial Corp grew its position in shares of Canadian Natural Resources by 4.9% in the fourth 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 during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Shares of CNQ traded down $0.21 during mid-day trading on Friday, reaching $30.81. 4,938,048 shares of the stock traded hands, compared to its average volume of 5,762,725. The firm has a fifty day moving average price of $31.71 and a 200 day moving average price of $30.43. The company has a market cap of $64.45 billion, a price-to-earnings ratio of 12.08 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $37.91.

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 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $1.37 EPS. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a dividend of $0.4227 per share. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Friday, June 13th. Canadian Natural Resources's payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent research reports. National Bankshares reiterated a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday. 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 set a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

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).