Canadian Natural Resources (NYSE:CNQ) Sets New 1-Year High at $81.27

Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ's share price hit a new 52-week high during trading on Monday . The company traded as high as $81.27 and last traded at $81.27, with a volume of 842 shares changing hands. The stock had previously closed at $81.18.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on Canadian Natural Resources from $101.00 to $102.00 and gave the company a "neutral" rating in a research report on Thursday, January 11th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $94.00.

Canadian Natural Resources Trading Down 0.5 %

The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $86.75 billion, a PE ratio of 14.59 and a beta of 1.54. The business has a 50 day moving average price of $69.09 and a 200-day moving average price of $66.22.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.13. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. The business had revenue of $7.02 billion for the quarter, compared to analysts' expectations of $6.73 billion. Analysts expect that Canadian Natural Resources Limited will post 5.43 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.774 per share. This represents a $3.10 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Thursday, March 14th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.72. Canadian Natural Resources's payout ratio is 53.25%.

Hedge Funds Weigh In On Canadian Natural Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Money Concepts Capital Corp acquired a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $25,000. Central Bank & Trust Co. purchased a new position in Canadian Natural Resources in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth $27,000. Captrust Financial Advisors increased its holdings in Canadian Natural Resources by 57.6% in the 2nd quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 217 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 74.03% of the company's stock.

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).