UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 270,552 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 18.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,163,244 shares of the oil and gas producer's stock after selling 270,552 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Canadian Natural Resources worth $38,631,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lighthouse Investment Partners LLC bought a new stake in Canadian Natural Resources during the 2nd quarter worth $890,000. Canoe Financial LP grew its holdings in shares of Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock worth $51,469,000 after purchasing an additional 1,074,199 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Canadian Natural Resources by 112.8% in the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer's stock valued at $15,057,000 after buying an additional 240,354 shares during the period. Aigen Investment Management LP raised its holdings in Canadian Natural Resources by 123.0% in the 3rd quarter. Aigen Investment Management LP now owns 54,323 shares of the oil and gas producer's stock valued at $1,804,000 after buying an additional 29,961 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its position in Canadian Natural Resources by 228.5% during the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer's stock worth $3,263,000 after buying an additional 63,756 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent research reports. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $51.00.

Canadian Natural Resources Trading Down 3.3 %

CNQ stock traded down $1.12 during trading on Wednesday, hitting $33.09. The company had a trading volume of 2,499,657 shares, compared to its average volume of 5,255,348. The stock has a market cap of $69.83 billion, a PE ratio of 13.29 and a beta of 1.47. The business has a 50-day moving average of $34.63 and a 200-day moving average of $35.11. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during 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 in the prior year, the company posted $0.96 earnings per share. Research analysts predict that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed 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. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.69%. This is an increase 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 currently 60.58%.

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).