Sequoia Financial Advisors LLC lifted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 100.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,139 shares of the oil and gas producer's stock after acquiring an additional 23,140 shares during the period. Sequoia Financial Advisors LLC's holdings in Canadian Natural Resources were worth $1,533,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. RFP Financial Group LLC grew its holdings in shares of Canadian Natural Resources by 98.3% during the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Park Place Capital Corp boosted its stake in Canadian Natural Resources by 100.0% during the second quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock worth $25,000 after buying an additional 358 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in Canadian Natural Resources by 100.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 364 shares during the period. Bruce G. Allen Investments LLC increased its holdings in Canadian Natural Resources by 91.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 415 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Canadian Natural Resources by 104.7% in the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 447 shares in the last quarter. Institutional investors own 74.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CNQ. StockNews.com cut shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Desjardins upgraded Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. Finally, Wolfe Research initiated coverage on Canadian Natural Resources in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Hold" and a consensus target price of $49.50.
Check Out Our Latest Report on Canadian Natural Resources
Canadian Natural Resources Price Performance
NYSE:CNQ traded up $0.44 on Friday, reaching $35.54. The stock had a trading volume of 2,840,764 shares, compared to its average volume of 5,424,765. The company has a market capitalization of $75.63 billion, a P/E ratio of 14.17 and a beta of 1.50. The stock has a fifty day moving average price of $34.94 and a 200-day moving average price of $36.05. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Canadian Natural Resources Limited has a 1-year low of $29.45 and a 1-year high of $41.29.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 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 for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the company earned $0.43 EPS. Research analysts forecast that Canadian Natural Resources Limited will post 2.5 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. Stockholders of record on Friday, December 13th will be paid a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change 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 4.37%. Canadian Natural Resources's dividend payout ratio (DPR) is 66.14%.
About Canadian Natural Resources
(
Free Report)
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).
Featured Articles
Before you consider Canadian Natural Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Natural Resources wasn't on the list.
While Canadian Natural Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
