Barclays PLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 23.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 716,670 shares of the oil and gas producer's stock after purchasing an additional 136,107 shares during the period. Barclays PLC's holdings in Canadian Natural Resources were worth $23,800,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock valued at $1,447,326,000 after purchasing an additional 1,651,452 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Canadian Natural Resources by 96.2% during the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer's stock worth $1,514,190,000 after buying an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer's stock worth $1,476,644,000 after buying an additional 19,980,902 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer's stock worth $1,127,382,000 after buying an additional 16,245,046 shares during the period. Finally, Mackenzie Financial Corp grew its stake in Canadian Natural Resources by 90.3% in the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock valued at $1,069,338,000 after buying an additional 14,246,978 shares during the last quarter. 74.03% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on CNQ. StockNews.com cut Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Hold" and an average price target of $51.00.
Get Our Latest Report on CNQ
Shares of NYSE:CNQ opened at $31.47 on Friday. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The company's 50 day moving average price is $34.35 and its two-hundred day moving average price is $34.80. The firm has a market cap of $66.30 billion, a PE ratio of 12.25 and a beta of 1.47. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter in the prior year, the business posted $0.96 earnings per share. Equities research analysts predict that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 4.93%. Canadian Natural Resources's dividend payout ratio is currently 64.59%.
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).
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