Polar Asset Management Partners Inc. Boosts Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Polar Asset Management Partners Inc. increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 76.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,300 shares of the oil and gas producer's stock after purchasing an additional 38,300 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Canadian Natural Resources were worth $2,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in shares of Canadian Natural Resources by 305.4% during the first quarter. Cetera Investment Advisers now owns 36,858 shares of the oil and gas producer's stock valued at $2,813,000 after purchasing an additional 27,766 shares in the last quarter. Cetera Advisors LLC boosted its position in Canadian Natural Resources by 61.7% during the 1st 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 period. GAMMA Investing LLC grew its holdings in Canadian Natural Resources by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 447 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of 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 last quarter. Finally, CWM LLC lifted its holdings in shares of 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 worth $371,000 after purchasing an additional 5,632 shares during the period. Institutional investors own 74.03% of the company's stock.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Trading Down 3.0 %

CNQ traded down $0.98 during trading on Friday, hitting $32.27. The company's stock had a trading volume of 5,111,797 shares, compared to its average volume of 5,262,268. The firm has a market capitalization of $68.09 billion, a P/E ratio of 12.56 and a beta of 1.47. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average price is $34.63 and its 200-day moving average price is $35.08.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.96 earnings per share. Analysts anticipate that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.388 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio (DPR) is currently 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).