Foster & Motley Inc. Decreases Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Foster & Motley Inc. lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,893 shares of the oil and gas producer’s stock after selling 319 shares during the period. Foster & Motley Inc.’s holdings in Canadian Natural Resources were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mission Wealth Management LP boosted its holdings in Canadian Natural Resources by 3.6% in the 3rd quarter. Mission Wealth Management LP now owns 4,796 shares of the oil and gas producer’s stock valued at $310,000 after purchasing an additional 168 shares during the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Canadian Natural Resources by 39.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 609 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 173 shares during the period. Clarius Group LLC increased its position in shares of Canadian Natural Resources by 3.3% during the 4th quarter. Clarius Group LLC now owns 5,600 shares of the oil and gas producer’s stock worth $367,000 after purchasing an additional 179 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Canadian Natural Resources by 21.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,070 shares of the oil and gas producer’s stock valued at $70,000 after buying an additional 187 shares during the period. Finally, Stokes Family Office LLC boosted its stake in Canadian Natural Resources by 2.1% during the third quarter. Stokes Family Office LLC now owns 10,387 shares of the oil and gas producer’s stock worth $672,000 after buying an additional 215 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.00.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $77.08 on Wednesday. Canadian Natural Resources Limited has a 12 month low of $52.66 and a 12 month high of $82.58. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market cap of $82.64 billion, a P/E ratio of 13.91 and a beta of 1.54. The firm has a fifty day moving average price of $73.20 and a 200 day moving average price of $67.55.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.13. The firm had revenue of $7.02 billion during the quarter, compared to the consensus estimate of $6.73 billion. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. Sell-side analysts predict that Canadian Natural Resources Limited will post 5.7 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.774 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.02%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 14th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 53.25%.

Canadian Natural Resources Company 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).