45,200 Shares in Canadian Natural Resources Limited $CNQ Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,200 shares of the oil and gas producer’s stock, valued at approximately $1,785,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of Canadian Natural Resources by 85.5% during the first quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 8,336 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Canadian Natural Resources by 92.7% during the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock valued at $896,000 after buying an additional 13,996 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Canadian Natural Resources by 4.3% in the first quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock worth $2,445,000 after acquiring an additional 3,266 shares during the period. Geneos Wealth Management Inc. raised its stake in Canadian Natural Resources by 47.3% during 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 buying an additional 528 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Canadian Natural Resources by 65.5% during the second quarter. EverSource Wealth Advisors LLC now owns 4,513 shares of the oil and gas producer’s stock valued at $142,000 after acquiring an additional 1,786 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $50.13 on Tuesday. The company’s fifty day moving average price is $45.06 and its 200-day moving average price is $45.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.75. The firm has a market capitalization of $103.39 billion, a PE ratio of 12.38 and a beta of 0.46. Canadian Natural Resources Limited has a 1-year low of $29.68 and a 1-year high of $51.47.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.15. The firm had revenue of $14.74 billion for the quarter, compared to analyst estimates of $9.40 billion. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. On average, equities research analysts predict that Canadian Natural Resources Limited will post 4.05 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.625 per share. The ex-dividend date is Friday, September 11th. This represents a $2.50 dividend on an annualized basis and a yield of 5.0%. Canadian Natural Resources’s payout ratio is presently 44.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CNQ shares. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Canadian Natural Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Scotiabank reiterated a “sector perform” rating on shares of Canadian Natural Resources in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday. Finally, Zacks Research downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

About Canadian Natural Resources

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.