Two Sigma Advisers LP boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 86.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 967,958 shares of the oil and gas producer's stock after buying an additional 449,300 shares during the quarter. Two Sigma Advisers LP's holdings in Canadian Natural Resources were worth $32,146,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. RFP Financial Group LLC raised its holdings in Canadian Natural Resources by 98.3% in the 2nd 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. 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. raised its holdings 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 valued at $32,000 after acquiring an additional 376 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $33,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Canadian Natural Resources by 131.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,046 shares of the oil and gas producer's stock worth $37,000 after buying an additional 595 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.
Canadian Natural Resources Trading Down 2.9 %
Canadian Natural Resources stock traded down $0.98 during trading on Friday, hitting $32.27. The company had a trading volume of 5,112,055 shares, compared to its average volume of 3,937,504. Canadian Natural Resources Limited has a 1-year low of $29.45 and a 1-year high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company's 50 day simple moving average is $34.62 and its 200-day simple moving average is $35.01. The stock has a market cap of $68.10 billion, a price-to-earnings ratio of 12.53 and a beta of 1.47.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its 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. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the firm earned $0.96 EPS. As a group, analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, December 13th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio (DPR) is currently 60.58%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a report 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.00.
Read Our Latest Stock Report on Canadian Natural Resources
Canadian Natural Resources Profile
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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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