Exencial Wealth Advisors LLC trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,491 shares of the oil and gas producer's stock after selling 16,327 shares during the period. Exencial Wealth Advisors LLC's holdings in Canadian Natural Resources were worth $16,190,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Harvest Portfolios Group Inc. raised its stake in shares of Canadian Natural Resources by 13.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 126,095 shares of the oil and gas producer's stock worth $4,187,000 after buying an additional 15,180 shares in the last quarter. Old West Investment Management LLC increased its stake in Canadian Natural Resources by 73.9% in the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer's stock valued at $11,822,000 after purchasing an additional 151,237 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in Canadian Natural Resources by 5.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer's stock valued at $242,000 after purchasing an additional 376 shares in the last quarter. KG&L Capital Management LLC grew its holdings in Canadian Natural Resources by 19.9% during the 3rd quarter. KG&L Capital Management LLC now owns 6,775 shares of the oil and gas producer's stock valued at $225,000 after buying an additional 1,125 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Canadian Natural Resources by 21.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer's stock valued at $893,000 after buying an additional 4,702 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.
Canadian Natural Resources Trading Up 0.5 %
Shares of CNQ traded up $0.18 during trading hours on Thursday, hitting $34.82. The stock had a trading volume of 2,996,705 shares, compared to its average volume of 5,360,224. The company's fifty day simple moving average is $34.59 and its 200 day simple moving average is $35.70. The firm has a market cap of $73.59 billion, a P/E ratio of 13.51 and a beta of 1.50. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month 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 released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to analysts' expectations of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.
Canadian Natural Resources Increases Dividend
The company 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 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 4.46%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's payout ratio is currently 60.58%.
Analysts Set New Price Targets
CNQ has been the topic of a number of analyst reports. Desjardins upgraded Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Wolfe Research started coverage on Canadian Natural Resources in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Finally, StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $51.00.
Get Our Latest Analysis on CNQ
About Canadian Natural Resources
(
Free Report)
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).
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