International Assets Investment Management LLC Buys New Shares in Canadian Natural Resources Limited (NYSE:CNQ)

International Assets Investment Management LLC purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,450 shares of the oil and gas producer's stock, valued at approximately $7,460,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Canadian Natural Resources by 0.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer's stock valued at $1,662,000 after purchasing an additional 204 shares in the last quarter. Cloverfields Capital Group LP boosted its position in Canadian Natural Resources by 0.8% in the first quarter. Cloverfields Capital Group LP now owns 32,017 shares of the oil and gas producer's stock valued at $2,444,000 after buying an additional 253 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Canadian Natural Resources by 1.1% during the first quarter. Burgundy Asset Management Ltd. now owns 29,908 shares of the oil and gas producer's stock worth $2,282,000 after buying an additional 339 shares during the last quarter. RFP Financial Group LLC raised its stake in shares of Canadian Natural Resources by 98.3% in the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock valued at $25,000 after acquiring an additional 352 shares during the last quarter. Finally, Park Place Capital Corp boosted its holdings in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 358 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Trading Down 0.3 %

CNQ stock traded down $0.10 during midday trading on Friday, reaching $33.92. The stock had a trading volume of 2,556,805 shares, compared to its average volume of 5,402,750. 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 twelve month low of $29.45 and a twelve month high of $41.29. The firm has a market cap of $71.69 billion, a price-to-earnings ratio of 13.08 and a beta of 1.50. The business has a fifty day simple moving average of $34.79 and a two-hundred day simple moving average of $35.84.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts expect that Canadian Natural Resources Limited will post 2.4 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio is currently 60.00%.

Analysts Set New Price Targets

CNQ has been the subject of several research analyst reports. StockNews.com downgraded Canadian Natural Resources from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They issued a "peer perform" rating for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of "Hold" and an average target price 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).