Natixis Advisors LLC Buys 61,473 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Natixis Advisors LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,330 shares of the oil and gas producer's stock after purchasing an additional 61,473 shares during the period. Natixis Advisors LLC's holdings in Canadian Natural Resources were worth $16,948,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CNQ. Sei Investments Co. lifted its stake in shares of Canadian Natural Resources by 11.7% in the first quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer's stock valued at $1,037,000 after buying an additional 1,423 shares during the period. Blair William & Co. IL acquired a new stake in shares of Canadian Natural Resources in the first quarter valued at approximately $243,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Canadian Natural Resources by 105.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,555 shares of the oil and gas producer's stock valued at $661,000 after purchasing an additional 4,400 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Canadian Natural Resources by 95.5% in the first quarter. Acadian Asset Management LLC now owns 4,300 shares of the oil and gas producer's stock valued at $327,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Canadian Natural Resources in the first quarter valued at approximately $415,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Stock Performance

Shares of CNQ stock traded down $0.04 during midday trading on Wednesday, hitting $33.63. 1,120,666 shares of the company were exchanged, compared to its average volume of 5,294,327. The firm has a market capitalization of $70.97 billion, a P/E ratio of 13.10 and a beta of 1.50. 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 firm's 50 day moving average price is $34.46 and its two-hundred day moving average price is $35.41. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, December 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio is 64.59%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNQ. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.00.

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).