Sanctuary Advisors LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 88.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,910 shares of the oil and gas producer's stock after acquiring an additional 87,021 shares during the period. Sanctuary Advisors LLC's holdings in Canadian Natural Resources were worth $6,442,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. RFP Financial Group LLC boosted its holdings 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 worth $25,000 after buying an additional 352 shares during the period. Continuum Advisory LLC grew its stake in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. First Horizon Advisors Inc. increased its position in Canadian Natural Resources by 71.2% in 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 last quarter. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the 3rd quarter worth about $33,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Canadian Natural Resources during the 2nd quarter valued at about $41,000. 74.03% of the stock is owned by institutional investors and hedge funds.
Canadian Natural Resources Price Performance
Shares of CNQ stock traded up $0.20 during trading hours on Friday, hitting $31.47. 5,087,042 shares of the company's stock were exchanged, compared to its average volume of 5,253,273. The stock's 50-day moving average is $34.35 and its 200-day moving average is $34.80. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market cap of $66.30 billion, a price-to-earnings ratio of 12.25 and a beta of 1.47.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm earned $0.96 EPS. As a group, research analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current year.
Canadian Natural Resources Increases Dividend
The company also recently announced 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. This represents a $1.55 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is currently 64.59%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CNQ shares. StockNews.com cut 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 research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $51.00.
Read Our Latest Analysis on CNQ
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).
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