Benjamin Edwards Inc. Increases Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Benjamin Edwards Inc. lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 815.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,138 shares of the oil and gas producer’s stock after buying an additional 49,117 shares during the quarter. Benjamin Edwards Inc.’s holdings in Canadian Natural Resources were worth $1,831,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RFP Financial Group LLC grew its holdings in Canadian Natural Resources by 98.3% in the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 352 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of Canadian Natural Resources by 91.6% in the 2nd 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of Canadian Natural Resources by 104.7% in the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 447 shares during the last quarter. First Horizon Advisors Inc. increased its position in Canadian Natural Resources by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 376 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in Canadian Natural Resources during the third quarter valued at $33,000. 74.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNQ shares. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Stock Up 0.4 %

Canadian Natural Resources stock opened at $33.25 on Friday. The firm has a market cap of $70.17 billion, a price-to-earnings ratio of 12.91 and a beta of 1.47. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The stock has a fifty day simple moving average of $34.63 and a two-hundred day simple moving average of $35.08.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during 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 period last year, the company earned $0.96 EPS. Equities analysts predict that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 4.67%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 60.58%.

Canadian Natural Resources 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).