Sustainable Insight Capital Management LLC Sells 22,200 Shares of Canadian Natural Resources Limited $CNQ

Sustainable Insight Capital Management LLC lessened its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,892 shares of the oil and gas producer’s stock after selling 22,200 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Canadian Natural Resources were worth $775,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Canadian Natural Resources by 4.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,758,445 shares of the oil and gas producer’s stock valued at $228,729,000 after buying an additional 315,460 shares during the period. SCP Investment LP acquired a new position in shares of Canadian Natural Resources in the third quarter valued at approximately $1,144,000. Marshall Financial Group LLC acquired a new position in shares of Canadian Natural Resources in the fourth quarter valued at approximately $869,000. Numerai GP LLC boosted its holdings in shares of Canadian Natural Resources by 102.5% in the third quarter. Numerai GP LLC now owns 77,164 shares of the oil and gas producer’s stock valued at $2,466,000 after buying an additional 39,049 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Canadian Natural Resources in the third quarter valued at approximately $1,593,000. Institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNQ shares. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Wednesday, May 20th. Zacks Research cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group increased their target price on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $45.47 on Friday. Canadian Natural Resources Limited has a 12 month low of $29.30 and a 12 month high of $51.34. The firm has a fifty day simple moving average of $46.48 and a 200 day simple moving average of $41.34. The stock has a market capitalization of $94.64 billion, a price-to-earnings ratio of 13.57 and a beta of 0.45. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. Research analysts forecast that Canadian Natural Resources Limited will post 4.2 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently announced 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 is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio is presently 54.03%.

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.