Canadian Natural Resources Limited $CNQ Shares Acquired by Capital International Sarl

Capital International Sarl grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 297,765 shares of the oil and gas producer’s stock after purchasing an additional 13,041 shares during the quarter. Capital International Sarl’s holdings in Canadian Natural Resources were worth $9,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Canadian Natural Resources by 85.5% in the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock worth $557,000 after purchasing an additional 8,336 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Canadian Natural Resources by 92.7% during the 1st quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock valued at $896,000 after purchasing an additional 13,996 shares in the last quarter. Empowered Funds LLC increased its stake in Canadian Natural Resources by 4.3% during 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 purchasing an additional 3,266 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 worth $51,000 after buying an additional 528 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Canadian Natural Resources by 59.7% during the second quarter. Assetmark Inc. now owns 2,113 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 790 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Down 1.1%

CNQ stock opened at $45.75 on Wednesday. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $47.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 0.95. The firm’s fifty day moving average is $38.34 and its 200 day moving average is $34.37. The firm has a market cap of $95.38 billion, a PE ratio of 12.40 and a beta of 0.63.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, March 5th. The oil and gas producer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Canadian Natural Resources had a net margin of 24.48% and a return on equity of 17.84%. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, research analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.59. Canadian Natural Resources’s payout ratio is currently 45.53%.

Analyst Upgrades and Downgrades

CNQ has been the subject of several research reports. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Royal Bank Of Canada upped their target price on Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group set a $35.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Friday, January 2nd. Evercore downgraded Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. Finally, Zacks Research lowered Canadian Natural Resources from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

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.