Zurcher Kantonalbank Zurich Cantonalbank Has $24.24 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 729,245 shares of the oil and gas producer’s stock after purchasing an additional 16,828 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian Natural Resources were worth $24,242,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TD Asset Management Inc boosted its stake in Canadian Natural Resources by 96.2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock valued at $1,514,190,000 after buying an additional 20,843,193 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Canadian Natural Resources by 93.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after purchasing an additional 19,980,902 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after purchasing an additional 16,245,046 shares during the last quarter. Yacktman Asset Management LP increased its position in Canadian Natural Resources by 95.9% during the 2nd quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer’s stock worth $1,048,660,000 after purchasing an additional 14,418,835 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Canadian Natural Resources by 90.3% in the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock valued at $1,069,338,000 after purchasing an additional 14,246,978 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $33.82 on Friday. The stock has a market cap of $71.37 billion, a price-to-earnings ratio of 13.13 and a beta of 1.50. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The company’s fifty day moving average is $34.65 and its 200 day moving average is $35.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter in the previous year, the company posted $0.96 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 4.59%. Canadian Natural Resources’s dividend payout ratio is presently 60.58%.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of research reports. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. StockNews.com cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources presently has a consensus rating of “Hold” and an average price target of $51.00.

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).