Measured Wealth Private Client Group LLC Has $337,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Measured Wealth Private Client Group LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,158 shares of the oil and gas producer’s stock after buying an additional 404 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Canadian Natural Resources were worth $337,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. First Trust Direct Indexing L.P. raised its holdings in shares of Canadian Natural Resources by 14.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 35,088 shares of the oil and gas producer’s stock valued at $1,165,000 after purchasing an additional 4,523 shares during the period. Galibier Capital Management Ltd. increased its holdings in shares of Canadian Natural Resources by 23.2% during the third quarter. Galibier Capital Management Ltd. now owns 777,962 shares of the oil and gas producer’s stock worth $25,862,000 after purchasing an additional 146,676 shares during the period. Fidelis Capital Partners LLC increased its holdings in shares of Canadian Natural Resources by 134.9% during the third quarter. Fidelis Capital Partners LLC now owns 24,139 shares of the oil and gas producer’s stock worth $848,000 after purchasing an additional 13,863 shares during the period. Autumn Glory Partners LLC bought a new position in shares of Canadian Natural Resources during the third quarter worth approximately $226,000. Finally, Klein Pavlis & Peasley Financial Inc. boosted its position in shares of Canadian Natural Resources by 14.8% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 31,240 shares of the oil and gas producer’s stock worth $1,037,000 after acquiring an additional 4,018 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CNQ shares. Wolfe Research started coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.50.

Canadian Natural Resources Price Performance

CNQ stock opened at $34.43 on Thursday. Canadian Natural Resources Limited has a 52-week low of $29.45 and a 52-week high of $41.29. The company has a fifty day moving average price of $34.83 and a 200-day moving average price of $35.86. The company has a market capitalization of $72.77 billion, a P/E ratio of 13.15 and a beta of 1.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.88.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, equities analysts expect that Canadian Natural Resources Limited will post 2.5 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 63.85%.

About Canadian Natural Resources

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).