Barclays PLC Grows Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Barclays PLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 23.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 716,670 shares of the oil and gas producer's stock after acquiring an additional 136,107 shares during the period. Barclays PLC's holdings in Canadian Natural Resources were worth $23,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Canadian Natural Resources by 294.3% during 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 period. Envestnet Portfolio Solutions Inc. grew its stake in Canadian Natural Resources by 56.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 33,967 shares of the oil and gas producer's stock valued at $1,209,000 after acquiring an additional 12,193 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Canadian Natural Resources by 107.3% during the second quarter. Assenagon Asset Management S.A. now owns 53,858 shares of the oil and gas producer's stock valued at $1,918,000 after acquiring an additional 27,879 shares in the last quarter. Blue Trust Inc. raised its position in shares of Canadian Natural Resources by 972.1% during the second quarter. Blue Trust Inc. now owns 2,916 shares of the oil and gas producer's stock worth $104,000 after purchasing an additional 2,644 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Canadian Natural Resources by 118.3% in the 2nd quarter. Raymond James & Associates now owns 862,380 shares of the oil and gas producer's stock worth $30,701,000 after purchasing an additional 467,262 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Up 0.6 %

Shares of CNQ traded up $0.20 during trading hours on Friday, reaching $31.47. 5,087,042 shares of the stock traded hands, compared to its average volume of 5,253,273. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 12.25 and a beta of 1.47. The stock has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $34.78. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion for 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 quarter last year, the firm earned $0.96 EPS. On average, equities analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current 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 paid a $0.388 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, December 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio is 64.59%.

Analysts Set New Price Targets

CNQ has been the topic of several research reports. StockNews.com downgraded 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 report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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).