Union Bancaire Privee UBP SA Invests $1.96 Million in Canadian Natural Resources Limited $CNQ

Union Bancaire Privee UBP SA acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 40,124 shares of the oil and gas producer’s stock, valued at approximately $1,955,000.

A number of other large investors also recently modified their holdings of CNQ. Sunbelt Securities Inc. purchased a new stake in Canadian Natural Resources in the 4th quarter worth $25,000. Manchester Capital Management LLC bought a new stake in Canadian Natural Resources during the fourth quarter valued at about $28,000. Leonteq Securities AG purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at about $31,000. GoalVest Advisory LLC purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at about $32,000. Finally, Quarry LP purchased a new position in shares of Canadian Natural Resources in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNQ shares. Weiss Ratings lowered Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday, May 20th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Stock Down 0.2%

Shares of CNQ stock opened at $39.53 on Friday. The stock has a market cap of $82.05 billion, a P/E ratio of 11.80 and a beta of 0.45. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week 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. The company’s fifty day simple moving average is $45.33 and its two-hundred day simple moving average is $41.90.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $1.16 EPS. Analysts predict that Canadian Natural Resources Limited will post 4.2 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, June 23rd. Canadian Natural Resources’s payout ratio is currently 54.03%.

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.