DRW Securities LLC Acquires New Position in Canadian Natural Resources Limited (NYSE:CNQ)

DRW Securities LLC acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,144 shares of the oil and gas producer's stock, valued at approximately $3,758,000.

Other institutional investors have also recently made changes to their positions in the company. Lighthouse Investment Partners LLC purchased a new stake in shares of Canadian Natural Resources during the second quarter valued at approximately $890,000. Canoe Financial LP lifted its stake in Canadian Natural Resources by 226.0% in 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 acquiring an additional 1,074,199 shares during the period. Aigen Investment Management LP lifted its stake in 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 worth $1,804,000 after acquiring an additional 29,961 shares during the period. Capital Wealth Planning LLC lifted its stake in 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 acquiring an additional 63,756 shares during the period. Finally, Souders Financial Advisors lifted its stake in Canadian Natural Resources by 103.0% in 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 period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research analyst reports. StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.00.

Canadian Natural Resources Stock Down 2.3 %

Shares of NYSE:CNQ traded down $0.81 on Monday, hitting $34.03. 3,521,740 shares of the company traded hands, compared to its average volume of 5,293,448. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week 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 has a 50 day simple moving average of $34.59 and a 200-day simple moving average of $35.33. The company has a market cap of $71.82 billion, a PE ratio of 13.53 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued 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. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the company earned $0.96 earnings per share. As a group, research analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed 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 represents a $1.55 annualized dividend and a yield of 4.56%. 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 dividend payout ratio (DPR) is presently 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).