QV Investors Inc. Sells 30,210 Shares of Canadian Natural Resources Limited $CNQ

QV Investors Inc. lowered its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,597 shares of the oil and gas producer’s stock after selling 30,210 shares during the period. Canadian Natural Resources accounts for 1.6% of QV Investors Inc.’s holdings, making the stock its 20th largest holding. QV Investors Inc.’s holdings in Canadian Natural Resources were worth $21,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Personal CFO Solutions LLC lifted its stake 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 valued at $747,000 after acquiring an additional 251 shares during the last quarter. Ted Buchan & Co increased its holdings in Canadian Natural Resources by 0.6% in the 4th quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock worth $1,483,000 after purchasing an additional 260 shares in the last quarter. FDx Advisors Inc. increased its holdings in Canadian Natural Resources by 2.7% in the 4th quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock worth $349,000 after purchasing an additional 270 shares in the last quarter. Peak Financial Advisors LLC raised its position in Canadian Natural Resources by 0.3% in the first quarter. Peak Financial Advisors LLC now owns 93,840 shares of the oil and gas producer’s stock valued at $4,573,000 after purchasing an additional 290 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in Canadian Natural Resources by 15.4% in 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 Trading Up 0.2%

CNQ opened at $49.07 on Monday. Canadian Natural Resources Limited has a twelve month low of $29.68 and a twelve month high of $51.47. The company has a fifty day moving average of $44.89 and a 200-day moving average of $45.48. The stock has a market cap of $101.20 billion, a PE ratio of 12.12 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 released its earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.15. The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $9.40 billion. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 4.05 EPS for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.50 annualized dividend and a dividend yield of 5.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is 44.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday. Wall Street Zen upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Canadian Natural Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 16th. Finally, Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.