Canadian Natural Resources Limited $CNQ Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 137.6% in the third quarter, Holdings Channel.com reports. The fund owned 188,592 shares of the oil and gas producer’s stock after acquiring an additional 109,227 shares during the period. Vise Technologies Inc.’s holdings in Canadian Natural Resources were worth $8,877,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNQ. Legacy Financial Advisors Inc. boosted its position in shares of Canadian Natural Resources by 3.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 7,447 shares of the oil and gas producer’s stock valued at $294,000 after purchasing an additional 219 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Canadian Natural Resources by 1.7% in the 1st quarter. Personal CFO Solutions LLC now owns 15,199 shares of the oil and gas producer’s stock worth $747,000 after purchasing an additional 251 shares in the last quarter. Allworth Financial LP lifted its stake in Canadian Natural Resources by 2.5% during the second quarter. Allworth Financial LP now owns 10,854 shares of the oil and gas producer’s stock valued at $429,000 after purchasing an additional 262 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Canadian Natural Resources by 2.0% during the third quarter. AdvisorNet Financial Inc now owns 15,084 shares of the oil and gas producer’s stock valued at $782,000 after purchasing an additional 291 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in Canadian Natural Resources by 15.4% during the second quarter. CoreCap Advisors LLC now owns 2,202 shares of the oil and gas producer’s stock valued at $87,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $56.20 on Monday. The stock has a market cap of $115.49 billion, a PE ratio of 13.88 and a beta of 0.45. The business has a fifty day simple moving average of $50.76 and a 200-day simple moving average of $45.85. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. Canadian Natural Resources Limited has a 12 month low of $30.13 and a 12 month high of $56.27.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.15. The business had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. On average, sell-side analysts anticipate that Canadian Natural Resources Limited will post 4.10 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of C$0.62 per share. The ex-dividend date was Friday, September 11th. This represents a $2.50 dividend on an annualized basis and a yield of 4.4%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNQ. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Canadian Natural Resources in a report on Friday, October 9th. Raymond James Financial cut Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 14th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Monday, October 19th. Weiss Ratings upgraded Canadian Natural Resources from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Profile

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. Its portfolio includes conventional and unconventional petroleum assets, heavy crude oil operations, and oil sands projects that produce bitumen and synthetic crude oil.

The company’s principal operations are located in Western Canada, including oil sands and conventional assets in Alberta and natural gas properties in Alberta and British Columbia.