Canadian Natural Resources Limited $CNQ Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,742,099 shares of the oil and gas producer’s stock after buying an additional 3,003,542 shares during the quarter. Vanguard Group Inc. owned approximately 4.34% of Canadian Natural Resources worth $2,852,024,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNQ. Allianz Asset Management GmbH increased its holdings in shares of Canadian Natural Resources by 650.3% during the 1st quarter. Allianz Asset Management GmbH now owns 841,074 shares of the oil and gas producer’s stock worth $25,877,000 after buying an additional 728,975 shares during the last quarter. Roundview Capital LLC acquired a new position in Canadian Natural Resources in the 1st quarter valued at about $1,657,000. Ninepoint Partners LP lifted its position in shares of Canadian Natural Resources by 63.9% during the first quarter. Ninepoint Partners LP now owns 3,090,334 shares of the oil and gas producer’s stock worth $95,182,000 after purchasing an additional 1,204,435 shares in the last quarter. Cadence Wealth Management LLC boosted its stake in shares of Canadian Natural Resources by 8.2% in the first quarter. Cadence Wealth Management LLC now owns 16,712 shares of the oil and gas producer’s stock valued at $515,000 after purchasing an additional 1,273 shares during the period. Finally, Lincluden Management Ltd. boosted its stake in shares of Canadian Natural Resources by 4.6% in the first quarter. Lincluden Management Ltd. now owns 112,909 shares of the oil and gas producer’s stock valued at $3,475,000 after purchasing an additional 4,957 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.1%

NYSE:CNQ opened at $33.97 on Friday. The business’s 50-day moving average is $31.97 and its two-hundred day moving average is $31.49. The firm has a market capitalization of $70.77 billion, a PE ratio of 12.05 and a beta of 0.96. 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 Limited has a 12 month low of $24.65 and a 12 month high of $34.97.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 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 prior year, the company posted $0.97 EPS. Research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be paid a $0.5875 dividend. The ex-dividend date is Friday, December 12th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. This represents a $2.35 annualized dividend and a dividend yield of 6.9%. Canadian Natural Resources’s dividend payout ratio (DPR) is 73.89%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James Financial restated an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wells Fargo & Company upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Natural Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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).