DekaBank Deutsche Girozentrale Has $47.43 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

DekaBank Deutsche Girozentrale trimmed its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 61.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,427,745 shares of the oil and gas producer's stock after selling 2,229,920 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Canadian Natural Resources worth $47,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc increased its stake in Canadian Natural Resources by 96.2% during the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock valued at $1,514,190,000 after acquiring an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock worth $1,476,644,000 after acquiring an additional 19,980,902 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock valued at $1,127,382,000 after acquiring an additional 16,245,046 shares in the last quarter. Yacktman Asset Management LP increased its stake in Canadian Natural Resources by 95.9% in the second quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer's stock valued at $1,048,660,000 after acquiring an additional 14,418,835 shares during the period. Finally, Mackenzie Financial Corp raised its position in Canadian Natural Resources by 90.3% in the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock worth $1,069,338,000 after purchasing an additional 14,246,978 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

CNQ traded down $0.31 during trading on Tuesday, hitting $34.41. The company's stock had a trading volume of 3,039,092 shares, compared to its average volume of 5,423,103. 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 stock has a market capitalization of $73.22 billion, a price-to-earnings ratio of 13.71 and a beta of 1.50. The firm's 50 day moving average price is $34.86 and its two-hundred day moving average price is $35.87. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month 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 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 during the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the business posted $0.43 earnings per share. Sell-side analysts forecast that Canadian Natural Resources Limited will post 2.5 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of recent research reports. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Finally, Wolfe Research initiated coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $49.50.

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).