Quantinno Capital Management LP Buys 1,872 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Quantinno Capital Management LP raised its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 238,719 shares of the oil and gas producer’s stock after acquiring an additional 1,872 shares during the quarter. Quantinno Capital Management LP’s holdings in Canadian Natural Resources were worth $7,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNQ. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $25,000. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $31,000. CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $31,000. Finally, Hurley Capital LLC bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $31,000. 74.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNQ. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Raymond James raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Canadian Natural Resources Trading Down 1.6%

Shares of CNQ stock opened at $30.92 on Friday. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $38.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company has a 50-day simple moving average of $29.26 and a two-hundred day simple moving average of $30.74. The company has a market capitalization of $64.77 billion, a price-to-earnings ratio of 12.01 and a beta of 1.04.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $1.37 EPS. Research analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.4227 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources’s dividend payout ratio is currently 63.92%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).