QS Investors LLC Boosts Stake in Canadian Natural Resources Limited (NYSE:CNQ)

QS Investors LLC grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,568 shares of the oil and gas producer’s stock after buying an additional 4,925 shares during the quarter. QS Investors LLC’s holdings in Canadian Natural Resources were worth $3,122,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Canadian Natural Resources by 15.4% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 450,087 shares of the oil and gas producer’s stock valued at $16,347,000 after purchasing an additional 60,052 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Canadian Natural Resources by 16.9% during the 1st quarter. Allianz Asset Management GmbH now owns 433,538 shares of the oil and gas producer’s stock valued at $13,401,000 after purchasing an additional 62,565 shares during the last quarter. Yacktman Asset Management LP grew its holdings in shares of Canadian Natural Resources by 90.7% during the 2nd quarter. Yacktman Asset Management LP now owns 12,771,226 shares of the oil and gas producer’s stock valued at $463,340,000 after purchasing an additional 6,072,612 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Canadian Natural Resources by 199.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,753,472 shares of the oil and gas producer’s stock valued at $85,000,000 after purchasing an additional 1,833,435 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Canadian Natural Resources by 32.2% during the 1st quarter. Man Group plc now owns 1,965,436 shares of the oil and gas producer’s stock valued at $60,752,000 after purchasing an additional 479,136 shares during the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.

A number of equities research analysts have issued reports on CNQ shares. TD Securities raised their price target on shares of Canadian Natural Resources from C$52.00 to C$55.00 and gave the stock a “buy” rating in a report on Friday, August 6th. National Bank Financial raised their price target on shares of Canadian Natural Resources from C$61.00 to C$70.00 and gave the stock an “outperform” rating in a report on Wednesday, September 29th. TheStreet raised shares of Canadian Natural Resources from a “c+” rating to a “b-” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of Canadian Natural Resources from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. Finally, Raymond James started coverage on shares of Canadian Natural Resources in a report on Tuesday, July 20th. They issued a “buy” rating and a $55.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $52.23.

Shares of CNQ opened at $40.23 on Thursday. Canadian Natural Resources Limited has a 1-year low of $15.17 and a 1-year high of $41.49. The firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 14.79 and a beta of 1.89. The firm’s 50-day moving average price is $34.57 and its 200-day moving average price is $33.89. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 5th. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.22. Canadian Natural Resources had a net margin of 17.14% and a return on equity of 9.05%. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.26 billion. On average, research analysts forecast that Canadian Natural Resources Limited will post 4.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Friday, September 17th were given a dividend of $0.3748 per share. The ex-dividend date of this dividend was Thursday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 3.73%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently -346.51%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading; Midstream & Refining; and Exploration & Production.

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

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