JBF Capital Inc. Has $18.23 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

JBF Capital Inc. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 101.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,198 shares of the oil and gas producer's stock after buying an additional 257,549 shares during the quarter. Canadian Natural Resources comprises about 2.8% of JBF Capital Inc.'s holdings, making the stock its 6th largest position. JBF Capital Inc.'s holdings in Canadian Natural Resources were worth $18,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CNQ. Thoroughbred Financial Services LLC acquired a new position in Canadian Natural Resources in the second quarter valued at approximately $464,000. Parallel Advisors LLC raised its holdings in Canadian Natural Resources by 139.4% during the second quarter. Parallel Advisors LLC now owns 8,532 shares of the oil and gas producer's stock worth $304,000 after buying an additional 4,968 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Canadian Natural Resources by 99.7% in the second quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the oil and gas producer's stock valued at $477,000 after buying an additional 6,692 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Canadian Natural Resources by 157.4% during the second quarter. Federated Hermes Inc. now owns 8,352 shares of the oil and gas producer's stock worth $297,000 after acquiring an additional 5,107 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Canadian Natural Resources by 161.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,657,665 shares of the oil and gas producer's stock worth $130,467,000 after acquiring an additional 2,257,049 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock traded down $0.28 during trading hours on Friday, hitting $31.97. 11,851,069 shares of the company were exchanged, compared to its average volume of 5,560,250. Canadian Natural Resources Limited has a 52-week low of $29.45 and a 52-week high of $41.29. The company has a current ratio of 0.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $36.48. The stock has a market capitalization of $67.86 billion, a price-to-earnings ratio of 12.74 and a beta of 1.51.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the business posted $0.43 earnings per share. Research analysts predict that Canadian Natural Resources Limited will post 2.49 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.384 per share. This represents a $1.54 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources's dividend payout ratio (DPR) is presently 61.35%.

Analysts Set New Price Targets

CNQ has been the subject of a number of analyst reports. Raymond James raised Canadian Natural Resources to a "hold" rating in a research report on Tuesday, May 28th. StockNews.com lowered shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Scotiabank reaffirmed a "sector perform" rating on shares of Canadian Natural Resources in a research report on Tuesday, June 11th. Finally, Wolfe Research assumed coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.50.

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).