American Trust Makes New $2.35 Million Investment in Canadian Natural Resources Limited (NYSE:CNQ)

American Trust bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 70,599 shares of the oil and gas producer's stock, valued at approximately $2,345,000.

A number of other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Canadian Natural Resources by 294.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,418 shares of the oil and gas producer's stock valued at $656,000 after purchasing an additional 13,747 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Canadian Natural Resources by 56.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 33,967 shares of the oil and gas producer's stock worth $1,209,000 after acquiring an additional 12,193 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Canadian Natural Resources by 107.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 53,858 shares of the oil and gas producer's stock worth $1,918,000 after acquiring an additional 27,879 shares during the period. Naples Global Advisors LLC boosted its position in shares of Canadian Natural Resources by 6.4% during the 2nd quarter. Naples Global Advisors LLC now owns 6,820 shares of the oil and gas producer's stock valued at $245,000 after acquiring an additional 410 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Canadian Natural Resources by 972.1% in the second quarter. Blue Trust Inc. now owns 2,916 shares of the oil and gas producer's stock valued at $104,000 after purchasing an additional 2,644 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CNQ shares. 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 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.com, the company presently has an average rating of "Hold" and a consensus price target of $51.00.

Canadian Natural Resources Stock Down 0.6 %

Shares of Canadian Natural Resources stock traded down $0.19 during trading hours on Friday, hitting $31.47. The company had a trading volume of 4,747,287 shares, compared to its average volume of 5,253,273. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company's 50-day moving average is $34.43 and its two-hundred day moving average is $34.87. The company has a market cap of $66.30 billion, a P/E ratio of 12.10 and a beta of 1.47. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29.

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

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's payout ratio is 60.58%.

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).