Zurcher Kantonalbank Zurich Cantonalbank Purchases 16,828 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 729,245 shares of the oil and gas producer's stock after buying an additional 16,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Canadian Natural Resources were worth $24,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Glenmede Trust Co. NA lifted its stake in Canadian Natural Resources by 2.9% during the third quarter. Glenmede Trust Co. NA now owns 39,238 shares of the oil and gas producer's stock worth $1,303,000 after purchasing an additional 1,120 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Canadian Natural Resources during the third quarter valued at about $347,000. Transamerica Financial Advisors Inc. boosted its position in Canadian Natural Resources by 11.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 8,212 shares of the oil and gas producer's stock valued at $273,000 after purchasing an additional 816 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Canadian Natural Resources by 237.5% in the third quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer's stock valued at $4,787,000 after buying an additional 101,430 shares during the period. Finally, Quantbot Technologies LP boosted its position in Canadian Natural Resources by 617.2% during the 3rd quarter. Quantbot Technologies LP now owns 143,196 shares of the oil and gas producer's stock worth $4,756,000 after acquiring an additional 123,230 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ traded up $0.30 during midday trading on Friday, reaching $33.82. The company's stock had a trading volume of 1,565,572 shares, compared to its average volume of 5,283,320. The stock has a fifty day moving average of $34.65 and a 200 day moving average of $35.21. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The firm has a market capitalization of $71.37 billion, a PE ratio of 13.13 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 (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 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 business had revenue of $7.62 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same period last year, the firm earned $0.96 EPS. On average, equities analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.38. Canadian Natural Resources's dividend payout ratio is 60.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented 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 research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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).