Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499,800 shares of the oil and gas producer's stock after selling 33,800 shares during the period. Canadian Natural Resources comprises approximately 1.1% of Quadrature Capital Ltd's holdings, making the stock its 21st biggest holding. Quadrature Capital Ltd owned 0.07% of Canadian Natural Resources worth $49,834,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. RFP Financial Group LLC boosted its stake 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 during the last quarter. Bruce G. Allen Investments LLC grew its stake 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 worth $31,000 after acquiring an additional 415 shares during the period. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 447 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Canadian Natural Resources by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 376 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the third quarter worth $33,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNQ. StockNews.com lowered Canadian Natural Resources from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $51.00.

Canadian Natural Resources Trading Up 0.7 %

CNQ traded up $0.23 on Thursday, reaching $33.34. 1,001,776 shares of the company's stock were exchanged, compared to its average volume of 5,253,139. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The company's 50 day moving average is $34.62 and its 200-day moving average is $35.09. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 12.87 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

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

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.388 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is currently 60.58%.

Canadian Natural Resources Company 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).