Fisher Asset Management LLC Purchases 1,651,452 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Fisher Asset Management LLC boosted its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,581,024 shares of the oil and gas producer's stock after purchasing an additional 1,651,452 shares during the quarter. Fisher Asset Management LLC owned about 2.06% of Canadian Natural Resources worth $1,447,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Place Capital Corp lifted its stake in Canadian Natural Resources by 100.0% in the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 358 shares in the last quarter. RFP Financial Group LLC lifted its stake in Canadian Natural Resources by 98.3% in the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in 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 worth $26,000 after purchasing an additional 364 shares in the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Canadian Natural Resources by 91.6% in the 2nd 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Canadian Natural Resources by 104.7% in the 2nd 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 during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Down 2.3 %

Shares of CNQ stock traded down $0.80 on Monday, hitting $34.05. 5,669,336 shares of the company's stock traded hands, compared to its average volume of 5,302,867. 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 Limited has a one year low of $29.45 and a one year high of $41.29. The company's fifty day simple moving average is $34.62 and its 200 day simple moving average is $35.30. The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 13.22 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results 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 company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm earned $0.96 EPS. Equities analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.56%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is currently 60.58%.

Analysts Set New Price Targets

CNQ has been the topic of a number of research analyst reports. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. StockNews.com lowered shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $51.00.

About Canadian Natural Resources

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).