Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,048,949 shares of the oil and gas producer's stock after selling 69,549 shares during the quarter. Janus Henderson Group PLC owned about 0.43% of Canadian Natural Resources worth $300,565,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. TD Asset Management Inc increased its stake in shares of Canadian Natural Resources by 96.2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock worth $1,514,190,000 after acquiring an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Canadian Natural Resources by 93.0% in the second quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock worth $1,476,644,000 after acquiring an additional 19,980,902 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Canadian Natural Resources by 105.3% in the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock worth $1,127,382,000 after acquiring an additional 16,245,046 shares during the period. Yacktman Asset Management LP increased its stake in shares of Canadian Natural Resources by 95.9% in the second quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer's stock worth $1,048,660,000 after acquiring an additional 14,418,835 shares during the period. Finally, Mackenzie Financial Corp grew its position in Canadian Natural Resources by 90.3% during the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock valued at $1,069,338,000 after buying an additional 14,246,978 shares during the period. Institutional investors and hedge funds own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com lowered shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Desjardins raised 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 company presently has an average rating of "Hold" and an average target price of $51.00.

Canadian Natural Resources Stock Performance

CNQ stock traded down $1.08 on Wednesday, hitting $33.13. The company's stock had a trading volume of 6,125,540 shares, compared to its average volume of 5,271,350. The firm has a 50 day moving average of $34.62 and a two-hundred day moving average of $35.09. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.29. The stock has a market cap of $69.92 billion, a price-to-earnings ratio of 12.87 and a beta of 1.47. 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 announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (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 analysts' expectations of $6.40 billion. During the same period in the previous year, the company posted $0.96 EPS. Equities analysts predict that Canadian Natural Resources Limited will post 2.47 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. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.68%. Canadian Natural Resources's dividend payout ratio is 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).