Roundview Capital LLC Increases Position in Canadian Natural Resources Limited $CNQ

Roundview Capital LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 22.7% in the second quarter, HoldingsChannel.com reports. The firm owned 65,994 shares of the oil and gas producer’s stock after purchasing an additional 12,194 shares during the quarter. Roundview Capital LLC’s holdings in Canadian Natural Resources were worth $2,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Canadian Natural Resources in the second quarter worth $27,000. Investment Management Corp VA ADV grew its stake in Canadian Natural Resources by 158.3% during the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 611 shares in the last quarter. Sierra Ocean LLC grew its stake in Canadian Natural Resources by 104.0% during the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 800 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Canadian Natural Resources by 47.3% during 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 acquiring an additional 528 shares in the last quarter. Finally, Adirondack Trust Co. grew its stake in Canadian Natural Resources by 317.1% during the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 1,300 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 1.0%

Shares of CNQ opened at $32.76 on Wednesday. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The company has a 50-day moving average of $31.29 and a 200 day moving average of $30.83. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 11.62 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The company had revenue of $6.39 billion during the quarter, compared to analyst estimates of $8.97 billion. During the same quarter last year, the business posted $0.88 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 19th were issued a dividend of $0.4269 per share. This represents a $1.71 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, September 19th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.42. Canadian Natural Resources’s dividend payout ratio (DPR) is 60.64%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CNQ shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, July 11th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Canadian Natural Resources Company Profile

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).