OMERS ADMINISTRATION Corp Acquires Shares of 700,000 Canadian Natural Resources Limited $CNQ

OMERS ADMINISTRATION Corp acquired a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 700,000 shares of the oil and gas producer’s stock, valued at approximately $23,741,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its stake in Canadian Natural Resources by 4.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,758,445 shares of the oil and gas producer’s stock valued at $228,729,000 after acquiring an additional 315,460 shares during the last quarter. SCP Investment LP bought a new position in Canadian Natural Resources in the third quarter valued at approximately $1,144,000. Marshall Financial Group LLC bought a new position in Canadian Natural Resources in the fourth quarter valued at approximately $869,000. Numerai GP LLC boosted its stake in Canadian Natural Resources by 102.5% in the third quarter. Numerai GP LLC now owns 77,164 shares of the oil and gas producer’s stock valued at $2,466,000 after acquiring an additional 39,049 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its stake in Canadian Natural Resources by 3.1% in the third quarter. NewEdge Wealth LLC now owns 1,042,659 shares of the oil and gas producer’s stock valued at $33,240,000 after acquiring an additional 31,154 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Down 2.8%

Shares of NYSE CNQ opened at $44.04 on Tuesday. The company’s fifty day moving average is $46.39 and its 200-day moving average is $41.51. The stock has a market cap of $91.67 billion, a price-to-earnings ratio of 13.15 and a beta of 0.45. Canadian Natural Resources Limited has a twelve month low of $29.30 and a twelve month high of $51.34. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same period last year, the firm posted $1.16 earnings per share. Equities research analysts predict that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 54.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday, May 20th. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price target on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources 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.