Wealth Enhancement Advisory Services LLC Purchases 22,637 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 198.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,047 shares of the oil and gas producer's stock after buying an additional 22,637 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Canadian Natural Resources were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CNQ. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new position in Canadian Natural Resources in the 4th quarter worth $25,000. Sandy Spring Bank bought a new position in Canadian Natural Resources during the 4th quarter worth about $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at about $31,000. Finally, Hurley Capital LLC acquired a new stake in Canadian Natural Resources in the 4th quarter valued at approximately $31,000. 74.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CNQ. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ traded up $0.03 during trading on Monday, hitting $31.61. 4,755,393 shares of the company were exchanged, compared to its average volume of 5,581,453. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $66.22 billion, a P/E ratio of 12.28 and a beta of 1.03. The business's 50 day moving average is $29.46 and its 200-day moving average is $30.34.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the prior year, the business posted $1.37 earnings per share. Equities analysts forecast 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 will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a $0.4227 dividend. This is a positive change 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 5.35%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's payout ratio is currently 67.06%.

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).