U.S. Capital Wealth Advisors LLC Raises Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

U.S. Capital Wealth Advisors LLC boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634,511 shares of the oil and gas producer's stock after purchasing an additional 16,018 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Canadian Natural Resources were worth $19,543,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. lifted its holdings in shares of Canadian Natural Resources by 57.3% in the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after buying an additional 439 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian Natural Resources by 10.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock worth $159,000 after buying an additional 480 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Canadian Natural Resources by 0.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after buying an additional 497 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Canadian Natural Resources by 8.0% in the 1st quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock worth $218,000 after buying an additional 525 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of Canadian Natural Resources by 1.0% during the fourth quarter. MML Investors Services LLC now owns 55,045 shares of the oil and gas producer's stock valued at $1,699,000 after purchasing an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Down 0.6%

NYSE:CNQ traded down $0.20 during midday trading on Thursday, reaching $31.78. 5,568,115 shares of the stock traded hands, compared to its average volume of 5,799,143. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91. The business has a 50-day moving average of $31.39 and a two-hundred day moving average of $30.38. 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 stock has a market capitalization of $66.47 billion, a PE ratio of 12.46 and a beta of 1.03.

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 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 company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a dividend of $0.4227 per share. This represents a $1.69 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio (DPR) is 67.06%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of "Moderate Buy" and an average price target 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).