Triasima Portfolio Management inc. Has $1.11 Million Stake in Canadian Natural Resources Limited $CNQ

Triasima Portfolio Management inc. trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 72.3% during the third quarter, HoldingsChannel.com reports. The firm owned 34,554 shares of the oil and gas producer’s stock after selling 90,116 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Canadian Natural Resources were worth $1,105,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC boosted its position in Canadian Natural Resources by 85.5% during the first quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 8,336 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Canadian Natural Resources by 92.7% during the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after purchasing an additional 13,996 shares during the period. Empowered Funds LLC grew its stake in Canadian Natural Resources by 4.3% in the 1st quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock valued at $2,445,000 after buying an additional 3,266 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 528 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Canadian Natural Resources by 2.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 44,403 shares of the oil and gas producer’s stock worth $1,393,000 after buying an additional 1,085 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 0.5%

NYSE CNQ opened at $34.51 on Tuesday. The company has a market cap of $71.84 billion, a price-to-earnings ratio of 15.21 and a beta of 0.69. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $35.12. The business has a 50 day moving average price of $33.15 and a 200-day moving average price of $31.99. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.81 billion. Canadian Natural Resources had a return on equity of 18.93% and a net margin of 14.90%.During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, equities analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 12th were given a dividend of $0.5875 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.8%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s payout ratio is currently 74.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CNQ shares. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Wall Street Zen downgraded shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, TD Securities reissued a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.