72,879 Canadian Natural Resources Limited $CNQ Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,360,923 shares of the oil and gas producer’s stock after selling 72,879 shares during the quarter. Canadian Natural Resources accounts for approximately 1.7% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 16th largest position. Miller Howard Investments Inc. NY’s holdings in Canadian Natural Resources were worth $64,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNQ. Trust Co. of Vermont acquired a new position in shares of Canadian Natural Resources in the 2nd quarter valued at $26,000. Financial Management Professionals Inc. boosted its holdings in Canadian Natural Resources by 280.7% during the third quarter. Financial Management Professionals Inc. now owns 552 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 407 shares during the last quarter. CX Institutional bought a new position in Canadian Natural Resources during the second quarter worth about $28,000. Axiom Investment Management LLC acquired a new position in shares of Canadian Natural Resources during the 1st quarter worth about $29,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $30,000. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Desjardins raised Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, August 7th. Raymond James Financial lowered shares of Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Price Performance

CNQ opened at $55.09 on Tuesday. 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 $55.49. The company has a fifty day simple moving average of $50.20 and a 200 day simple moving average of $45.27. The stock has a market cap of $113.22 billion, a P/E ratio of 15.13 and a beta of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 EPS for the quarter, topping the consensus estimate 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, research analysts expect that Canadian Natural Resources Limited will post 4.10 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a C$0.62 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, September 11th. Canadian Natural Resources’s payout ratio is presently 44.44%.

About Canadian Natural Resources

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.