Y Intercept Hong Kong Ltd Lowers Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 83.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,179 shares of the oil and gas producer's stock after selling 35,892 shares during the period. Y Intercept Hong Kong Ltd's holdings in Canadian Natural Resources were worth $221,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hurley Capital LLC purchased a new position in Canadian Natural Resources during the fourth quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in shares of Canadian Natural Resources by 253.2% during 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 buying an additional 937 shares during the last quarter. Huntington National Bank grew its holdings in shares of Canadian Natural Resources by 64.1% during the fourth quarter. Huntington National Bank now owns 1,493 shares of the oil and gas producer's stock valued at $46,000 after buying an additional 583 shares during the last quarter. 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 buying an additional 800 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Canadian Natural Resources during the first quarter valued at $56,000. Institutional investors own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CNQ shares. National Bankshares reissued a "sector perform" rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded down $0.71 during trading hours on Friday, reaching $30.99. The stock had a trading volume of 4,233,802 shares, compared to its average volume of 4,216,233. The stock's 50 day moving average is $31.80 and its 200 day moving average is $30.40. The firm has a market capitalization of $64.79 billion, a PE ratio of 12.15 and a beta of 1.03. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $37.91. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last announced 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. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $1.37 EPS. Equities analysts expect 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. Investors of record on Friday, June 13th were paid a dividend of $0.4227 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.69 annualized dividend and a yield of 5.5%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend 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).