WCM Investment Management LLC Sells 47,738 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

WCM Investment Management LLC cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,405,851 shares of the oil and gas producer's stock after selling 47,738 shares during the period. WCM Investment Management LLC owned 0.21% of Canadian Natural Resources worth $146,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Canadian Natural Resources by 0.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer's stock valued at $1,662,000 after purchasing an additional 204 shares during the period. Cloverfields Capital Group LP raised its position in shares of Canadian Natural Resources by 0.8% during the 1st quarter. Cloverfields Capital Group LP now owns 32,017 shares of the oil and gas producer's stock valued at $2,444,000 after buying an additional 253 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Canadian Natural Resources by 1.1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 29,908 shares of the oil and gas producer's stock valued at $2,282,000 after buying an additional 339 shares in the last quarter. RFP Financial Group LLC raised its position in shares of Canadian Natural Resources by 98.3% during the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 352 shares in the last quarter. Finally, Park Place Capital Corp raised its position in shares of Canadian Natural Resources by 100.0% during the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 358 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Finally, StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Canadian Natural Resources has an average rating of "Hold" and an average price target of $51.00.

Canadian Natural Resources Trading Up 0.2 %

NYSE:CNQ traded up $0.07 during trading hours on Monday, reaching $34.24. The company's stock had a trading volume of 3,747,887 shares, compared to its average volume of 5,347,779. The firm has a market capitalization of $72.37 billion, a price-to-earnings ratio of 13.30 and a beta of 1.50. The firm has a 50-day simple moving average of $34.51 and a 200-day simple moving average of $35.63. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.29. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS 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 quarter last year, the company earned $0.96 EPS. Research analysts expect that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.388 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) 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).