Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,372 shares of the oil and gas producer's stock after selling 46,122 shares during the period. Fiduciary Trust Co's holdings in Canadian Natural Resources were worth $6,123,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CNQ. RFP Financial Group LLC raised its position in Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Park Place Capital Corp increased its holdings in shares of Canadian Natural Resources by 100.0% during the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock valued at $25,000 after purchasing an additional 358 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 364 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Canadian Natural Resources by 91.6% during the second quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer's stock worth $31,000 after buying an additional 415 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Canadian Natural Resources by 104.7% during the second quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer's stock worth $31,000 after buying an additional 447 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. StockNews.com downgraded 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, Canadian Natural Resources presently has a consensus rating of "Hold" and an average price target of $51.00.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up $0.30 on Friday, reaching $33.82. 1,353,938 shares of the company were exchanged, compared to its average volume of 5,283,320. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year 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. The business has a 50-day moving average price of $34.65 and a 200 day moving average price of $35.21. The company has a market cap of $71.37 billion, a price-to-earnings ratio of 13.13 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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.96 EPS. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. This represents a $1.55 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's payout ratio is 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).