Aigen Investment Management LP increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 123.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 54,323 shares of the oil and gas producer's stock after purchasing an additional 29,961 shares during the period. Aigen Investment Management LP's holdings in Canadian Natural Resources were worth $1,804,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lighthouse Investment Partners LLC purchased a new stake in Canadian Natural Resources during the 2nd quarter worth about $890,000. Canoe Financial LP raised its holdings in shares of Canadian Natural Resources by 226.0% in the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after acquiring an additional 1,074,199 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in shares of Canadian Natural Resources by 228.5% in the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer's stock valued at $3,263,000 after acquiring an additional 63,756 shares in the last quarter. Souders Financial Advisors raised its holdings in shares of Canadian Natural Resources by 103.0% in the 2nd quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer's stock valued at $3,560,000 after acquiring an additional 50,744 shares in the last quarter. Finally, Baskin Financial Services Inc. raised its holdings in shares of Canadian Natural Resources by 1.5% in the 3rd quarter. Baskin Financial Services Inc. now owns 985,280 shares of the oil and gas producer's stock valued at $32,696,000 after acquiring an additional 14,812 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.
Canadian Natural Resources Stock Down 1.3 %
Shares of NYSE CNQ traded down $0.45 during mid-day trading on Tuesday, hitting $33.77. 4,574,184 shares of the stock traded hands, compared to its average volume of 5,343,360. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. 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 $71.37 billion, a price-to-earnings ratio of 13.10 and a beta of 1.50. The stock has a fifty day moving average price of $34.47 and a 200-day moving average price of $35.60.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings data 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. 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 analysts' expectations of $6.40 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. Research analysts anticipate that Canadian Natural Resources Limited will post 2.38 EPS for the current year.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 annualized dividend and a dividend yield of 4.60%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's payout ratio is currently 60.58%.
Analyst Ratings Changes
Several research firms have weighed in on CNQ. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Finally, Wolfe Research began coverage on Canadian Natural Resources in a research report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Canadian Natural Resources has an average rating of "Hold" and an average target price of $51.00.
View Our Latest Stock Analysis on CNQ
Canadian Natural Resources Company Profile
(
Free Report)
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).
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