Numerai GP LLC Invests $584,000 in Canadian Natural Resources Limited (NYSE:CNQ)

Numerai GP LLC purchased a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,934 shares of the oil and gas producer's stock, valued at approximately $584,000.

A number of other large investors have also recently added to or reduced their stakes in CNQ. Fifth Third Bancorp lifted its holdings in Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 429 shares during the last quarter. Assetmark Inc. raised its stake in 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 purchasing an additional 439 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in 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 purchasing an additional 497 shares during the period. Global Retirement Partners LLC increased its holdings in Canadian Natural Resources by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after buying an additional 514 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in shares of Canadian Natural Resources by 1.8% during the 4th quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer's stock worth $930,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of research analyst reports. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. 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, Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Stock Up 0.8%

Shares of NYSE:CNQ traded up $0.25 during trading on Tuesday, hitting $30.81. The stock had a trading volume of 1,183,232 shares, compared to its average volume of 5,460,989. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.86. 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 firm's fifty day moving average is $29.33 and its 200 day moving average is $30.65. The company has a market capitalization of $64.54 billion, a PE ratio of 11.96 and a beta of 1.04.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $10.14 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the company earned $1.37 EPS. Analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.4227 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.69 annualized dividend and a yield of 5.49%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. Canadian Natural Resources's dividend payout ratio (DPR) is currently 63.92%.

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).