45,718 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Acquired by Algert Global LLC

Algert Global LLC bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,718 shares of the oil and gas producer's stock, valued at approximately $1,520,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc lifted its stake in shares of Canadian Natural Resources by 96.2% during the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock worth $1,514,190,000 after purchasing an additional 20,843,193 shares in the last quarter. Canada Pension Plan Investment Board lifted 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 worth $1,476,644,000 after acquiring an additional 19,980,902 shares in the last quarter. 1832 Asset Management L.P. grew its position in Canadian Natural Resources by 105.3% in the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock valued at $1,127,382,000 after acquiring an additional 16,245,046 shares in the last quarter. Yacktman Asset Management LP grew its position in Canadian Natural Resources by 95.9% in the second quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer's stock valued at $1,048,660,000 after acquiring an additional 14,418,835 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Canadian Natural Resources by 90.3% during the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock worth $1,069,338,000 after purchasing an additional 14,246,978 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Up 0.9 %

Shares of NYSE:CNQ traded up $0.30 during midday trading on Friday, reaching $33.82. The company had a trading volume of 1,353,938 shares, compared to its average volume of 5,283,320. The stock has a market capitalization of $71.37 billion, a P/E ratio of 13.13 and a beta of 1.50. The stock's fifty day moving average price is $34.65 and its 200-day moving average price is $35.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.388 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's payout ratio is currently 60.58%.

Analysts Set New Price Targets

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

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).