Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 10.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 440,396 shares of the oil and gas producer's stock after selling 49,622 shares during the period. Crossmark Global Holdings Inc.'s holdings in Canadian Natural Resources were worth $14,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its position in Canadian Natural Resources by 0.5% during the first quarter. Capital World Investors now owns 144,344,207 shares of the oil and gas producer's stock worth $11,011,765,000 after buying an additional 684,532 shares during the period. Vanguard Group Inc. raised its stake in shares of Canadian Natural Resources by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer's stock worth $3,343,849,000 after buying an additional 714,346 shares during the last quarter. TD Asset Management Inc grew its stake in Canadian Natural Resources by 96.2% in the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock valued at $1,514,190,000 after acquiring an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock valued at $1,476,644,000 after acquiring an additional 19,980,902 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Canadian Natural Resources by 105.3% in the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock valued at $1,127,382,000 after purchasing an additional 16,245,046 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNQ. StockNews.com downgraded shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Finally, Wolfe Research began coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $51.00.

Canadian Natural Resources Trading Down 1.8 %

Shares of CNQ stock traded down $0.64 during mid-day trading on Friday, reaching $34.17. The company's stock had a trading volume of 4,259,723 shares, compared to its average volume of 3,835,575. The company's 50 day simple moving average is $34.51 and its 200-day simple moving average is $35.65. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The firm has a market capitalization of $72.22 billion, a PE ratio of 13.27 and a beta of 1.50.

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 (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 analyst estimates 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 firm posted $0.96 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 2.38 EPS 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. Shareholders of record on Friday, December 13th will be issued a dividend of $0.388 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 4.54%. Canadian Natural Resources's payout ratio is currently 60.58%.

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).