Benjamin Edwards Inc. Has $1.83 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Benjamin Edwards Inc. grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 815.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 55,138 shares of the oil and gas producer's stock after acquiring an additional 49,117 shares during the period. Benjamin Edwards Inc.'s holdings in Canadian Natural Resources were worth $1,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CNQ. Cetera Investment Advisers increased its stake in shares of Canadian Natural Resources by 305.4% in the first quarter. Cetera Investment Advisers now owns 36,858 shares of the oil and gas producer's stock worth $2,813,000 after acquiring an additional 27,766 shares during the last quarter. Cetera Advisors LLC increased its position in Canadian Natural Resources by 61.7% during the first quarter. Cetera Advisors LLC now owns 19,821 shares of the oil and gas producer's stock worth $1,513,000 after buying an additional 7,565 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Canadian Natural Resources by 104.7% during the second quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 447 shares during the period. Park Avenue Securities LLC boosted its holdings in Canadian Natural Resources by 123.5% during the second quarter. Park Avenue Securities LLC now owns 44,376 shares of the oil and gas producer's stock valued at $1,580,000 after acquiring an additional 24,521 shares during the period. Finally, CWM LLC boosted its holdings in Canadian Natural Resources by 117.3% during the second quarter. CWM LLC now owns 10,435 shares of the oil and gas producer's stock valued at $371,000 after acquiring an additional 5,632 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of 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 report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Canadian Natural Resources presently has an average rating of "Hold" and a consensus price target of $51.00.

Canadian Natural Resources Trading Down 3.0 %

Shares of NYSE CNQ traded down $1.01 during midday trading on Friday, reaching $32.24. 1,871,722 shares of the stock were exchanged, compared to its average volume of 5,247,792. The company has a market capitalization of $68.04 billion, a price-to-earnings ratio of 12.58 and a beta of 1.47. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The business has a 50-day simple moving average of $34.63 and a two-hundred day simple moving average of $35.08. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the business earned $0.96 EPS. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current 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 paid a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 4.81%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio is 64.59%.

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).