Y Intercept Hong Kong Ltd Buys Shares of 16,398 Canadian Natural Resources Limited (NYSE:CNQ)

Y Intercept Hong Kong Ltd purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,398 shares of the oil and gas producer's stock, valued at approximately $545,000.

Several other hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC grew its holdings in Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock worth $1,447,326,000 after acquiring an additional 1,651,452 shares during the last quarter. TD Asset Management Inc increased its holdings in Canadian Natural Resources by 96.2% during the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock valued at $1,514,190,000 after purchasing an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board raised its position in Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock valued at $1,476,644,000 after purchasing an additional 19,980,902 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Canadian Natural Resources by 105.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock worth $1,127,382,000 after buying an additional 16,245,046 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Canadian Natural Resources by 90.3% in the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock worth $1,069,338,000 after buying an additional 14,246,978 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Down 2.0 %

Canadian Natural Resources stock traded down $0.62 on Monday, hitting $30.85. 7,880,853 shares of the stock traded hands, compared to its average volume of 5,264,508. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.29. The firm has a market cap of $64.99 billion, a P/E ratio of 12.00 and a beta of 1.47. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The business's fifty day simple moving average is $34.23 and its 200 day simple moving average is $34.73.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analysts' expectations of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period last year, the company posted $0.96 EPS. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is 64.59%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CNQ shares. StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.00.

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).