Wellington Management Group LLP Sells 2,872,892 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Wellington Management Group LLP lessened its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,926,205 shares of the oil and gas producer's stock after selling 2,872,892 shares during the quarter. Wellington Management Group LLP owned about 0.52% of Canadian Natural Resources worth $362,884,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CNQ. RFP Financial Group LLC boosted its stake in Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 352 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Canadian Natural Resources by 104.7% during 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. boosted its position 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 valued at $32,000 after acquiring an additional 376 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Canadian Natural Resources in the third quarter valued at $33,000. Finally, Hexagon Capital Partners LLC increased its position in Canadian Natural Resources by 131.9% in the second quarter. Hexagon Capital Partners LLC now owns 1,046 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 595 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Down 2.9 %

Shares of CNQ traded down $0.98 during mid-day trading on Friday, reaching $32.27. 5,112,055 shares of the company's stock traded hands, compared to its average volume of 3,937,504. 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's 50-day moving average is $34.62 and its two-hundred day moving average is $35.01. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The stock has a market cap of $68.10 billion, a P/E ratio of 12.53 and a beta of 1.47.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter last year, the firm posted $0.96 earnings per share. Research analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.388 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 4.81%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 60.58%.

Analyst Upgrades and Downgrades

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

About Canadian Natural Resources

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).