Canadian Natural Resources Limited $CNQ Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 78.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,144 shares of the oil and gas producer’s stock after selling 43,906 shares during the quarter. Savant Capital LLC’s holdings in Canadian Natural Resources were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Unified Investment Management increased its stake in shares of Canadian Natural Resources by 10.1% in the fourth quarter. Unified Investment Management now owns 10,651 shares of the oil and gas producer’s stock worth $361,000 after acquiring an additional 978 shares during the period. Geode Capital Management LLC increased its stake in shares of Canadian Natural Resources by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 20,518,621 shares of the oil and gas producer’s stock worth $710,119,000 after acquiring an additional 1,347,844 shares during the period. Integrity Alliance LLC. acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth $301,000. Smithfield Trust Co acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth $68,000. Finally, Bleakley Financial Group LLC increased its stake in shares of Canadian Natural Resources by 59.8% in the fourth quarter. Bleakley Financial Group LLC now owns 78,161 shares of the oil and gas producer’s stock worth $2,646,000 after acquiring an additional 29,249 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ opened at $45.74 on Friday. The company’s fifty day moving average price is $46.78 and its 200 day moving average price is $40.96. Canadian Natural Resources Limited has a 1 year low of $29.30 and a 1 year high of $51.34. The company has a market capitalization of $95.20 billion, a PE ratio of 13.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 4.2 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio is 54.03%.

Analysts Set New Price Targets

CNQ has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Royal Bank Of Canada increased their price target on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a report on Wednesday, May 20th. Finally, Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Company 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.