Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,768,297 shares of the oil and gas producer's stock after buying an additional 727,798 shares during the quarter. Geode Capital Management LLC owned approximately 0.46% of Canadian Natural Resources worth $328,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp grew its stake in Canadian Natural Resources by 1.2% in the 3rd quarter. M&T Bank Corp now owns 129,379 shares of the oil and gas producer's stock worth $4,250,000 after acquiring an additional 1,540 shares during the period. Barclays PLC boosted its holdings in shares of Canadian Natural Resources by 23.4% during the third quarter. Barclays PLC now owns 716,670 shares of the oil and gas producer's stock worth $23,800,000 after purchasing an additional 136,107 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 490 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Canadian Natural Resources in the third quarter valued at $5,988,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Canadian Natural Resources in the third quarter valued at $545,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. StockNews.com cut shares of 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, According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $51.00.

Canadian Natural Resources Trading Up 0.6 %

Shares of CNQ traded up $0.20 during trading hours on Friday, hitting $31.47. The stock had a trading volume of 5,087,042 shares, compared to its average volume of 5,253,273. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The firm has a market cap of $66.30 billion, a P/E ratio of 12.25 and a beta of 1.47. 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 company's fifty day simple moving average is $34.35 and its 200 day simple moving average is $34.80.

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, topping analysts' consensus estimates 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 company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the business posted $0.96 EPS. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.93%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's payout ratio is 64.59%.

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).