Yacktman Asset Management LP Has $839.80 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Yacktman Asset Management LP lessened its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,266,207 shares of the oil and gas producer's stock after selling 1,667,178 shares during the period. Canadian Natural Resources accounts for 11.0% of Yacktman Asset Management LP's portfolio, making the stock its largest position. Yacktman Asset Management LP owned 1.30% of Canadian Natural Resources worth $839,799,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after buying an additional 7,372,718 shares during the period. Canoe Financial LP grew its holdings in shares of Canadian Natural Resources by 403.7% during the first quarter. Canoe Financial LP now owns 4,738,577 shares of the oil and gas producer's stock worth $145,828,000 after buying an additional 3,797,846 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Canadian Natural Resources by 31.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,433,797 shares of the oil and gas producer's stock valued at $414,223,000 after buying an additional 3,224,548 shares during the last quarter. Geode Capital Management LLC lifted its stake in Canadian Natural Resources by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 12,708,163 shares of the oil and gas producer's stock valued at $400,222,000 after acquiring an additional 2,939,866 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Canadian Natural Resources by 7.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer's stock valued at $1,051,210,000 after acquiring an additional 2,312,437 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNQ shares. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Finally, Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Canadian Natural Resources Price Performance

NYSE:CNQ traded up $0.30 during mid-day trading on Friday, reaching $32.09. The stock had a trading volume of 4,805,822 shares, compared to its average volume of 5,797,558. The stock has a 50-day simple moving average of $31.51 and a two-hundred day simple moving average of $30.40. The stock has a market capitalization of $67.12 billion, a PE ratio of 12.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its earnings results 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 net margin of 16.92% and a return on equity of 20.90%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $1.37 earnings per share. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared 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 5.27%. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's payout ratio is 67.06%.

Canadian Natural Resources Company 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).