Gold Investment Management Ltd. Has $2.93 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Gold Investment Management Ltd. cut its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,069 shares of the oil and gas producer's stock after selling 17,826 shares during the quarter. Canadian Natural Resources comprises approximately 1.2% of Gold Investment Management Ltd.'s holdings, making the stock its 28th biggest position. Gold Investment Management Ltd.'s holdings in Canadian Natural Resources were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CNQ. Park Place Capital Corp boosted its stake 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 worth $25,000 after acquiring an additional 358 shares during the period. RFP Financial Group LLC increased its holdings in shares of Canadian Natural Resources by 98.3% in the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of Canadian Natural Resources by 100.0% in the second 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 last quarter. Bruce G. Allen Investments LLC raised its position in shares of Canadian Natural Resources by 91.6% in the second quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 415 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Canadian Natural Resources by 104.7% during 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 institutional investors and hedge funds.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded down $0.64 on Friday, reaching $34.17. 4,259,384 shares of the company's stock were exchanged, compared to its average volume of 5,355,150. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The company has a fifty day moving average of $34.59 and a 200-day moving average of $35.70. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 13.55 and a beta of 1.50. 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 issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $0.96 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.54%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is presently 64.59%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNQ. StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Wolfe Research started coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They set a "peer perform" rating on the stock. Finally, Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of "Hold" and an average 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).