U.S. Capital Wealth Advisors LLC grew its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in Canadian Natural Resources by 76.5% during the 4th quarter. Jones Financial Companies Lllp now owns 15,100 shares of the oil and gas producer's stock worth $466,000 after buying an additional 6,547 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Canadian Natural Resources in the fourth quarter valued at approximately $62,000. Assetmark Inc. boosted its holdings in shares of Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Canadian Natural Resources during the fourth quarter worth approximately $38,441,000. Finally, Candriam S.C.A. boosted its holdings in Canadian Natural Resources by 33.9% during the fourth quarter. Candriam S.C.A. now owns 14,652 shares of the oil and gas producer's stock worth $452,000 after buying an additional 3,711 shares in the last quarter. Institutional investors own 74.03% of the company's stock.
Wall Street Analysts Forecast Growth
CNQ has been the subject of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report 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 report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of "Moderate Buy" and a consensus target price of $63.00.
Read Our Latest Research Report on Canadian Natural Resources
Canadian Natural Resources Stock Performance
NYSE CNQ traded down $0.20 during midday trading on Wednesday, hitting $31.93. The company had a trading volume of 5,543,726 shares, compared to its average volume of 5,800,067. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. The stock has a market cap of $66.79 billion, a price-to-earnings ratio of 12.52 and a beta of 1.03. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $30.38. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $37.91.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $6.96 billion for 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 last year, the business posted $1.37 EPS. 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 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 represents a $1.69 dividend on an annualized basis and a dividend yield of 5.30%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date was Friday, June 13th. Canadian Natural Resources's dividend payout ratio (DPR) is presently 67.06%.
About Canadian Natural Resources
(
Free Report)
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).
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