Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Baskin Financial Services Inc.

Baskin Financial Services Inc. raised its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 985,280 shares of the oil and gas producer's stock after acquiring an additional 14,812 shares during the quarter. Canadian Natural Resources makes up about 2.7% of Baskin Financial Services Inc.'s holdings, making the stock its 21st biggest holding. Baskin Financial Services Inc.'s holdings in Canadian Natural Resources were worth $32,696,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Canadian Natural Resources by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 43,099,191 shares of the oil and gas producer's stock valued at $2,823,859,000 after acquiring an additional 835,633 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Canadian Natural Resources by 137.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,418 shares of the oil and gas producer's stock worth $2,583,000 after purchasing an additional 22,839 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Canadian Natural Resources by 12.8% during the 1st quarter. First Hawaiian Bank now owns 6,989 shares of the oil and gas producer's stock worth $533,000 after buying an additional 792 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Canadian Natural Resources by 117.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 453 shares of the oil and gas producer's stock valued at $35,000 after buying an additional 245 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Canadian Natural Resources by 15.2% in the 1st quarter. Park Avenue Securities LLC now owns 19,855 shares of the oil and gas producer's stock valued at $1,515,000 after buying an additional 2,626 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

CNQ stock traded down $0.10 during trading on Wednesday, hitting $35.26. The company had a trading volume of 4,763,159 shares, compared to its average volume of 5,524,624. Canadian Natural Resources Limited has a 1-year low of $29.45 and a 1-year high of $41.29. The firm has a 50-day moving average price of $34.93 and a 200-day moving average price of $36.21. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market cap of $75.03 billion, a PE ratio of 14.08 and a beta of 1.50.

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, beating 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 for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts expect that Canadian Natural Resources Limited will post 2.5 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.388 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is 66.14%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CNQ shares. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Wolfe Research assumed coverage on Canadian Natural Resources in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Finally, StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.50.

About Canadian Natural Resources

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).