Foster & Motley Inc. Takes $848,000 Position in Canadian Natural Resources Limited $CNQ

Foster & Motley Inc. bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,480 shares of the oil and gas producer’s stock, valued at approximately $848,000.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of Canadian Natural Resources by 31.5% in the fourth quarter. Capital Research Global Investors now owns 146,331,336 shares of the oil and gas producer’s stock worth $4,956,204,000 after buying an additional 35,067,143 shares during the last quarter. Vanguard Group Inc. raised its holdings in Canadian Natural Resources by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 93,305,198 shares of the oil and gas producer’s stock worth $3,160,340,000 after purchasing an additional 818,809 shares during the period. Fisher Asset Management LLC lifted its position in Canadian Natural Resources by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 42,745,981 shares of the oil and gas producer’s stock valued at $1,446,951,000 after purchasing an additional 1,342,954 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Canadian Natural Resources by 10.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock valued at $1,826,578,000 after purchasing an additional 3,397,500 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Canadian Natural Resources in the first quarter worth about $1,411,619,000. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.1%

CNQ stock opened at $49.56 on Thursday. Canadian Natural Resources Limited has a twelve month low of $29.43 and a twelve month high of $51.34. The firm’s fifty day simple moving average is $43.91 and its two-hundred day simple moving average is $44.88. The stock has a market capitalization of $102.22 billion, a price-to-earnings ratio of 12.24 and a beta of 0.46. 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 (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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.15. The firm had revenue of $14.74 billion during the quarter, compared to analyst estimates of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. As a group, analysts anticipate that Canadian Natural Resources Limited will post 4.05 earnings per share for the current year.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, September 11th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.69%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Desjardins upgraded Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. One research 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 stock. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Company Profile

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.