Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.2% in the third quarter, Holdings Channel reports. The fund owned 14,182 shares of the oil and gas producer’s stock after buying an additional 2,850 shares during the period. EP Wealth Advisors LLC’s holdings in Canadian Natural Resources were worth $471,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wexford Capital LP increased its holdings in shares of Canadian Natural Resources by 142.6% during the 3rd quarter. Wexford Capital LP now owns 294,390 shares of the oil and gas producer’s stock worth $9,776,000 after buying an additional 173,057 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of Canadian Natural Resources by 11.7% during the 3rd quarter. Wahed Invest LLC now owns 28,387 shares of the oil and gas producer’s stock worth $943,000 after buying an additional 2,963 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Canadian Natural Resources by 86.6% during the 3rd quarter. Two Sigma Advisers LP now owns 967,958 shares of the oil and gas producer’s stock worth $32,146,000 after buying an additional 449,300 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Canadian Natural Resources by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 260,612 shares of the oil and gas producer’s stock worth $8,655,000 after buying an additional 1,153 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Canadian Natural Resources by 3.2% during the 3rd quarter. Quantinno Capital Management LP now owns 236,847 shares of the oil and gas producer’s stock worth $7,866,000 after buying an additional 7,341 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a market capitalization of $66.78 billion, a P/E ratio of 12.31 and a beta of 1.47. The company has a 50 day moving average price of $34.50 and a 200 day moving average price of $34.89. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter last year, the company posted $0.96 EPS. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.90%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 64.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNQ. StockNews.com downgraded shares of 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 report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Hold” and an average price target of $51.00.

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).