Epacria Capital Partners LLC Has $5.16 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Epacria Capital Partners LLC grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 89.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,403 shares of the oil and gas producer's stock after buying an additional 73,536 shares during the quarter. Canadian Natural Resources accounts for approximately 3.5% of Epacria Capital Partners LLC's holdings, making the stock its 8th largest position. Epacria Capital Partners LLC's holdings in Canadian Natural Resources were worth $5,161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in Canadian Natural Resources by 3.9% during the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock valued at $1,447,326,000 after buying an additional 1,651,452 shares during the last quarter. TD Asset Management Inc increased its stake in shares of 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 worth $1,514,190,000 after purchasing an additional 20,843,193 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Canadian Natural Resources by 93.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock worth $1,476,644,000 after purchasing an additional 19,980,902 shares during the period. 1832 Asset Management L.P. lifted its position in Canadian Natural Resources by 105.3% during 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. Finally, Mackenzie Financial Corp increased its position in Canadian Natural Resources by 90.3% in the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock worth $1,069,338,000 after buying an additional 14,246,978 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CNQ shares. StockNews.com downgraded shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $51.00.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ traded up $0.30 during midday trading on Friday, reaching $33.82. 1,353,938 shares of the company were exchanged, compared to its average volume of 5,283,320. The stock has a market cap of $71.37 billion, a PE ratio of 13.13 and a beta of 1.50. The business's fifty day moving average is $34.65 and its two-hundred day moving average is $35.21. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, analysts predict that Canadian Natural Resources Limited will post 2.47 earnings per share for the current 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 dividend of $0.388 per share. This represents a $1.55 annualized dividend and a yield of 4.59%. The ex-dividend date is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) 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).