Anson Funds Management LP Buys 60,000 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Anson Funds Management LP lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 150.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the oil and gas producer's stock after purchasing an additional 60,000 shares during the quarter. Anson Funds Management LP's holdings in Canadian Natural Resources were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CNQ. RFP Financial Group LLC boosted its stake in Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock worth $25,000 after buying an additional 352 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Canadian Natural Resources by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 376 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer's stock worth $242,000 after acquiring an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Canadian Natural Resources by 4.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer's stock valued at $337,000 after purchasing an additional 404 shares in the last quarter. Finally, Naples Global Advisors LLC raised its position in Canadian Natural Resources by 6.4% in 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 purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Trading Down 2.9 %

Shares of Canadian Natural Resources stock traded down $0.98 on Friday, hitting $32.27. 5,112,055 shares of the company's stock traded hands, compared to its average volume of 3,937,504. 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. The stock has a market capitalization of $68.10 billion, a PE ratio of 12.53 and a beta of 1.47. The firm's 50-day moving average price is $34.62 and its two-hundred day moving average price is $34.99.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly 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. The company 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 period last year, the firm posted $0.96 earnings per share. On average, research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS 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. Stockholders of record on Friday, December 13th will be issued a $0.388 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend 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).