U.S. Capital Wealth Advisors LLC Acquires 7,909 Shares of Canadian Natural Resources Limited $CNQ

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Canadian Natural Resources Limited by 1.2%, acquiring an additional 7,909 shares to own a total of 642,420 shares valued at approximately $20.2 million.
• Analysts generally favor Canadian Natural Resources, with a consensus rating of "Moderate Buy" and an average target price of $62.00, despite some adjustments in price targets from various firms.
• Canadian Natural Resources recently increased its quarterly dividend to $0.4269, representing a 5.4% yield and a positive change from its previous dividend payment.

U.S. Capital Wealth Advisors LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 642,420 shares of the oil and gas producer's stock after buying an additional 7,909 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Canadian Natural Resources were worth $20,172,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CNQ. Investment Management Corp VA ADV lifted its position in shares of Canadian Natural Resources by 158.3% in the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer's stock worth $31,000 after buying an additional 611 shares during the last quarter. Versant Capital Management Inc boosted its stake in Canadian Natural Resources by 253.2% in the first quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer's stock valued at $40,000 after acquiring an additional 937 shares during the period. Sierra Ocean LLC grew its holdings in shares of Canadian Natural Resources by 104.0% during the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer's stock worth $51,000 after purchasing an additional 528 shares during the period. Finally, Adirondack Trust Co. lifted its holdings in shares of Canadian Natural Resources by 317.1% in the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer's stock worth $54,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CNQ shares. Royal Bank Of Canada dropped their price target on shares of 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 reissued an "outperform" rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, July 11th. National Bankshares reissued a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Finally, Zacks Research raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.00.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up $0.51 during trading hours on Monday, hitting $32.09. The company had a trading volume of 8,134,464 shares, compared to its average volume of 7,290,491. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market capitalization of $66.97 billion, a price-to-earnings ratio of 11.38 and a beta of 1.03. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91. The firm's fifty day moving average is $31.08 and its 200 day moving average is $30.63.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The firm had revenue of $6.39 billion during the quarter, compared to analysts' expectations of $8.97 billion. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.During the same period last year, the firm posted $0.88 EPS. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a dividend of $0.4269 per share. The ex-dividend date is Friday, September 19th. This represents a $1.71 annualized dividend and a dividend yield of 5.3%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.42. Canadian Natural Resources's dividend payout ratio is presently 60.28%.

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).