Harvest Portfolios Group Inc. Buys 15,180 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Harvest Portfolios Group Inc. increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,095 shares of the oil and gas producer's stock after acquiring an additional 15,180 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Canadian Natural Resources were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lighthouse Investment Partners LLC purchased a new stake in Canadian Natural Resources during the 2nd quarter valued at about $890,000. Canoe Financial LP grew its position in Canadian Natural Resources by 226.0% during the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after purchasing an additional 1,074,199 shares during the last quarter. Capital Wealth Planning LLC grew its position in Canadian Natural Resources by 228.5% during the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer's stock valued at $3,263,000 after purchasing an additional 63,756 shares during the last quarter. Souders Financial Advisors grew its position in Canadian Natural Resources by 103.0% during the 2nd quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer's stock valued at $3,560,000 after purchasing an additional 50,744 shares during the last quarter. Finally, Baskin Financial Services Inc. grew its position in Canadian Natural Resources by 1.5% during the 3rd quarter. Baskin Financial Services Inc. now owns 985,280 shares of the oil and gas producer's stock valued at $32,696,000 after purchasing an additional 14,812 shares during 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 brokerages have recently issued reports on CNQ. Wolfe Research began coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Finally, Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.00.

Canadian Natural Resources Stock Performance

NYSE CNQ traded up $0.24 on Wednesday, reaching $34.65. 2,990,302 shares of the stock were exchanged, compared to its average volume of 5,371,216. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The firm has a market capitalization of $73.22 billion, a PE ratio of 13.36 and a beta of 1.50. The company's 50-day simple moving average is $34.63 and its two-hundred day simple moving average is $35.71. 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 released its earnings results 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 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 analysts' expectations of $6.40 billion. During the same quarter last year, the business earned $0.96 EPS. Analysts expect that Canadian Natural Resources Limited will post 2.4 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.388 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.48%. 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 60.58%.

Canadian Natural Resources Company 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).