Canadian Natural Resources Limited $CNQ Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,432 shares of the oil and gas producer’s stock after acquiring an additional 8,465 shares during the quarter. Bleakley Financial Group LLC’s holdings in Canadian Natural Resources were worth $1,270,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Canadian Natural Resources in the second quarter worth $27,000. Investment Management Corp VA ADV grew its position in shares of 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 worth $31,000 after acquiring an additional 611 shares during the last quarter. Sierra Ocean LLC increased its holdings in shares of Canadian Natural Resources by 104.0% in the 1st quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 800 shares during the period. Geneos Wealth Management Inc. lifted its position in Canadian Natural Resources by 47.3% in the 1st 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, Adirondack Trust Co. boosted its stake in Canadian Natural Resources by 317.1% during the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 1,300 shares during the period. 74.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday, October 9th. Finally, TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $31.28 on Friday. The company has a 50-day moving average of $31.39 and a 200-day moving average of $30.97. The firm has a market cap of $65.29 billion, a price-to-earnings ratio of 11.09 and a beta of 0.97. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $35.63.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $8.97 billion. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. During the same period in the previous year, the firm earned $0.88 EPS. Analysts forecast that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.4269 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $1.71 annualized dividend and a dividend yield of 5.5%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.42. Canadian Natural Resources’s dividend payout ratio is 60.64%.

About Canadian Natural Resources

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).