Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,290,648 shares of the oil and gas producer's stock after selling 663,567 shares during the period. JPMorgan Chase & Co. owned 0.63% of Canadian Natural Resources worth $441,382,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CNQ. American Trust acquired a new stake in Canadian Natural Resources during the third quarter worth about $2,345,000. Synovus Financial Corp acquired a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $219,000. Tidal Investments LLC raised its holdings in Canadian Natural Resources by 55.0% in the third quarter. Tidal Investments LLC now owns 26,832 shares of the oil and gas producer's stock valued at $891,000 after buying an additional 9,526 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the third quarter valued at approximately $37,000. Finally, Sanctuary Advisors LLC grew its stake in Canadian Natural Resources by 88.9% during the third quarter. Sanctuary Advisors LLC now owns 184,910 shares of the oil and gas producer's stock worth $6,442,000 after buying an additional 87,021 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, 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 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 a consensus price target of $51.00.

Canadian Natural Resources Stock Up 0.1 %

NYSE:CNQ traded up $0.04 during trading hours on Friday, hitting $30.16. The stock had a trading volume of 2,538,720 shares, compared to its average volume of 5,206,966. The company has a market cap of $63.54 billion, a PE ratio of 11.71 and a beta of 1.47. The business has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $34.35. Canadian Natural Resources Limited has a 1-year low of $29.23 and a 1-year high of $41.29. 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 quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the firm posted $0.96 EPS. Analysts predict 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. Shareholders of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 5.15%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is presently 64.59%.

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).