Cerity Partners LLC Grows Position in Canadian Natural Resources Limited (NYSE:CNQ)

Cerity Partners LLC grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 112.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 453,393 shares of the oil and gas producer's stock after purchasing an additional 240,354 shares during the quarter. Cerity Partners LLC's holdings in Canadian Natural Resources were worth $15,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp raised its stake in Canadian Natural Resources by 100.0% during the second quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock worth $25,000 after buying an additional 358 shares during the last quarter. RFP Financial Group LLC raised its position in shares of Canadian Natural Resources by 98.3% in the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 364 shares during the period. Bruce G. Allen Investments LLC grew its stake in Canadian Natural Resources by 91.6% during the second quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 415 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Canadian Natural Resources by 104.7% in the second quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 447 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Down 2.9 %

Shares of NYSE CNQ traded down $0.97 during midday trading on Tuesday, hitting $33.06. 5,052,216 shares of the stock traded hands, compared to its average volume of 5,300,976. 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 one year low of $29.45 and a one year high of $41.29. The business has a 50 day moving average price of $34.62 and a two-hundred day moving average price of $35.30. The company has a market cap of $69.77 billion, a PE ratio of 13.22 and a beta of 1.50.

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 EPS for the quarter, beating 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 business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the business posted $0.96 EPS. On average, equities analysts predict that Canadian Natural Resources Limited will post 2.47 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. Investors of record on Friday, December 13th will be given a $0.388 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 4.69%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 60.58%.

Analyst Upgrades and Downgrades

CNQ has been the topic of a number of research analyst reports. StockNews.com cut Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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).