Unigestion Holding SA Purchases 200,469 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Unigestion Holding SA lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 48.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 614,810 shares of the oil and gas producer's stock after buying an additional 200,469 shares during the quarter. Unigestion Holding SA's holdings in Canadian Natural Resources were worth $20,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC lifted its stake in Canadian Natural Resources by 117.3% in the second quarter. CWM LLC now owns 10,435 shares of the oil and gas producer's stock valued at $371,000 after buying an additional 5,632 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Canadian Natural Resources by 104.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,999 shares of the oil and gas producer's stock worth $819,000 after acquiring an additional 11,765 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in 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. increased 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 purchasing an additional 12,193 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Canadian Natural Resources by 21.9% in the second quarter. Redhawk Wealth Advisors Inc. now owns 7,490 shares of the oil and gas producer's stock worth $267,000 after purchasing an additional 1,345 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Up 1.2 %

Shares of Canadian Natural Resources stock traded up $0.40 on Wednesday, reaching $32.52. 8,550,919 shares of the company were exchanged, compared to its average volume of 5,254,621. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $34.55 and a 200 day moving average of $34.91. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The company has a market capitalization of $68.63 billion, a price-to-earnings ratio of 12.56 and a beta of 1.47.

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. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.77%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources's payout ratio is 64.59%.

Canadian Natural Resources Company 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).