Charles Schwab Investment Management Inc. Increases Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Charles Schwab Investment Management Inc. increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,675,934 shares of the oil and gas producer's stock after purchasing an additional 301,297 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.27% of Canadian Natural Resources worth $188,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CNQ. Lighthouse Investment Partners LLC purchased a new stake in Canadian Natural Resources during the second quarter worth $890,000. Canoe Financial LP increased its stake in Canadian Natural Resources by 226.0% during the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock worth $51,469,000 after buying an additional 1,074,199 shares in the last quarter. Aigen Investment Management LP raised its position in shares of Canadian Natural Resources by 123.0% in the third 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. Capital Wealth Planning LLC lifted its stake in shares of Canadian Natural Resources by 228.5% in the second 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 in the last quarter. Finally, Souders Financial Advisors boosted its position in Canadian Natural Resources by 103.0% during the second quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer's stock worth $3,560,000 after acquiring an additional 50,744 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Up 0.8 %

CNQ stock traded up $0.29 during mid-day trading on Friday, reaching $34.84. The company had a trading volume of 4,643,126 shares, compared to its average volume of 3,932,841. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The company has a market capitalization of $73.53 billion, a price-to-earnings ratio of 13.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a fifty day simple moving average of $34.59 and a 200 day simple moving average of $35.35.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings data 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. The company had revenue of $7.62 billion for 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 prior year, the firm posted $0.96 EPS. Analysts forecast that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.388 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is currently 64.59%.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of research analyst reports. StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research 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 analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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).