PDT Partners LLC Acquires New Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

PDT Partners LLC purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 46,300 shares of the oil and gas producer's stock, valued at approximately $1,538,000.

Several other large investors also recently added to or reduced their stakes in CNQ. Fisher Asset Management LLC boosted its holdings in shares of Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the period. TD Asset Management Inc lifted its position in Canadian Natural Resources by 96.2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock worth $1,514,190,000 after buying an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Canadian Natural Resources by 93.0% during the second 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 buying an additional 19,980,902 shares during the period. 1832 Asset Management L.P. increased its position in Canadian Natural Resources by 105.3% during the second 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 during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of 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 valued at $1,069,338,000 after acquiring an additional 14,246,978 shares during the period. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CNQ shares. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. StockNews.com cut Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $51.00.

Canadian Natural Resources Trading Down 0.7 %

CNQ traded down $0.24 on Monday, reaching $33.58. 3,105,014 shares of the company traded hands, compared to its average volume of 5,274,459. The company has a market cap of $70.87 billion, a P/E ratio of 13.07 and a beta of 1.50. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The firm has a fifty day simple moving average of $34.65 and a two-hundred day simple moving average of $35.17.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.62%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's payout ratio is currently 64.59%.

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).