Zurcher Kantonalbank Zurich Cantonalbank Buys 46,977 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 819,352 shares of the oil and gas producer's stock after acquiring an additional 46,977 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Canadian Natural Resources were worth $25,208,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock worth $159,000 after acquiring an additional 480 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after acquiring an additional 497 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Canadian Natural Resources by 8.0% during the first quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock worth $218,000 after acquiring an additional 525 shares in the last quarter. MML Investors Services LLC increased its position 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 worth $1,699,000 after acquiring an additional 528 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its holdings in Canadian Natural Resources by 0.7% during the first quarter. Peak Financial Advisors LLC now owns 77,253 shares of the oil and gas producer's stock worth $2,379,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

CNQ stock opened at $31.92 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91. The firm has a market cap of $66.74 billion, a P/E ratio of 12.52 and a beta of 1.03. The company's 50-day moving average price is $31.73 and its two-hundred day moving average price is $30.38.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.37 EPS. On average, analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were paid a $0.4227 dividend. This is an increase 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 5.30%. The ex-dividend date was Friday, June 13th. Canadian Natural Resources's dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNQ. 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. Scotiabank restated an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, July 11th. Finally, National Bankshares restated a "sector perform" rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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).

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