Hara Capital LLC Has $509,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Hara Capital LLC decreased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,330 shares of the oil and gas producer’s stock after selling 900 shares during the period. Hara Capital LLC’s holdings in Canadian Natural Resources were worth $509,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp boosted its stake in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 358 shares in the last quarter. RFP Financial Group LLC lifted its holdings in Canadian Natural Resources by 98.3% during the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in Canadian Natural Resources by 100.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 364 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Canadian Natural Resources by 91.6% during the second quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 415 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Canadian Natural Resources by 104.7% in the second quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 447 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of research analyst reports. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. StockNews.com cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Wolfe Research assumed coverage on Canadian Natural Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Trading Up 0.0 %

CNQ stock traded up $0.01 during trading on Thursday, hitting $34.65. The company had a trading volume of 481,179 shares, compared to its average volume of 5,347,657. The stock has a market cap of $73.23 billion, a price-to-earnings ratio of 13.45 and a beta of 1.50. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $35.70. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (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, beating the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates 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 firm posted $0.96 earnings per share. As a group, analysts predict that Canadian Natural Resources Limited will post 2.4 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 dividend yield of 4.48%. Canadian Natural Resources’s payout ratio is currently 60.58%.

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).