Lingohr & Partner Asset Management GmbH Purchases New Position in Canadian Natural Resource Ltd (NYSE:CNQ)

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Lingohr & Partner Asset Management GmbH bought a new stake in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 34,300 shares of the oil and gas producer’s stock, valued at approximately $1,119,000.

Other hedge funds have also recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Canadian Natural Resource during the third quarter valued at approximately $153,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Canadian Natural Resource by 50.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 1,800 shares during the period. Signaturefd LLC boosted its holdings in shares of Canadian Natural Resource by 49.7% in the second quarter. Signaturefd LLC now owns 6,999 shares of the oil and gas producer’s stock valued at $252,000 after buying an additional 2,323 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Canadian Natural Resource by 192.9% in the second quarter. Acadian Asset Management LLC now owns 8,200 shares of the oil and gas producer’s stock valued at $296,000 after buying an additional 5,400 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Canadian Natural Resource in the first quarter valued at approximately $317,000. 67.01% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Raymond James reiterated a “buy” rating on shares of Canadian Natural Resource in a report on Friday, November 2nd. Royal Bank of Canada restated a “buy” rating on shares of Canadian Natural Resource in a report on Friday, November 2nd. Morgan Stanley reduced their target price on shares of Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, October 12th. Macquarie cut shares of Canadian Natural Resource from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 9th. Finally, CIBC started coverage on shares of Canadian Natural Resource in a report on Friday, October 5th. They set a “sector outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.60.

NYSE CNQ traded down $0.84 on Friday, hitting $28.16. 5,641,045 shares of the stock were exchanged, compared to its average volume of 3,879,876. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. Canadian Natural Resource Ltd has a 52 week low of $26.90 and a 52 week high of $38.20. The firm has a market capitalization of $35.43 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.45. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.71 billion. Canadian Natural Resource had a net margin of 15.94% and a return on equity of 12.33%. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, research analysts anticipate that Canadian Natural Resource Ltd will post 2.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Monday, December 10th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, December 7th. Canadian Natural Resource’s payout ratio is presently 124.10%.

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Canadian Natural Resource Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

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