Parkwood LLC Boosts Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Parkwood LLC raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 535,384 shares of the oil and gas producer's stock after buying an additional 26,035 shares during the period. Canadian Natural Resources comprises approximately 1.8% of Parkwood LLC's holdings, making the stock its 11th largest position. Parkwood LLC's holdings in Canadian Natural Resources were worth $16,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $25,000. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $31,000. CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $31,000. Finally, Hurley Capital LLC bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $31,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Down 0.4%

Shares of NYSE:CNQ traded down $0.14 during trading on Monday, reaching $30.57. The company's stock had a trading volume of 935,411 shares, compared to its average volume of 5,470,798. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $38.86. The firm's 50 day simple moving average is $29.30 and its two-hundred day simple moving average is $30.67. The stock has a market capitalization of $64.02 billion, a PE ratio of 11.91 and a beta of 1.04.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm earned $1.37 EPS. On average, research analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a $0.4227 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date is Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.53%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 63.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports 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 reaffirmed an "outperform" rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus 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).