Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Anson Funds Management LP

Anson Funds Management LP grew its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 150.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the oil and gas producer’s stock after purchasing an additional 60,000 shares during the quarter. Anson Funds Management LP’s holdings in Canadian Natural Resources were worth $3,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. RFP Financial Group LLC raised its holdings in shares of Canadian Natural Resources by 98.3% in the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 352 shares in the last quarter. GAMMA Investing LLC raised its stake in Canadian Natural Resources by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 447 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Canadian Natural Resources by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 376 shares in the last quarter. Coastline Trust Co acquired a new stake in Canadian Natural Resources during the 3rd quarter worth $33,000. Finally, Hexagon Capital Partners LLC raised its stake in Canadian Natural Resources by 131.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,046 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 595 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Down 2.9 %

NYSE CNQ opened at $32.27 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 firm has a market cap of $68.10 billion, a PE ratio of 12.53 and a beta of 1.47. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The firm’s fifty day moving average is $34.62 and its two-hundred day moving average is $35.01.

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 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.96 earnings per share. Analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 dividend on an annualized basis and a yield of 4.81%. Canadian Natural Resources’s payout ratio is currently 60.58%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNQ. StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and an average target price 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).