Cromwell Holdings LLC Decreases Holdings in Canadian Natural Resources Limited $CNQ

Cromwell Holdings LLC trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,639 shares of the oil and gas producer’s stock after selling 460 shares during the period. Cromwell Holdings LLC’s holdings in Canadian Natural Resources were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Management Corp VA ADV lifted its stake in shares of Canadian Natural Resources by 158.3% in the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 611 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Canadian Natural Resources by 253.2% in the first quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 937 shares in the last quarter. Sierra Ocean LLC lifted its stake in shares of Canadian Natural Resources by 104.0% in the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 800 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares in the last quarter. Finally, Adirondack Trust Co. lifted its stake in shares of Canadian Natural Resources by 317.1% in the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 1,300 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $31.48 on Friday. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The stock has a market cap of $65.70 billion, a PE ratio of 11.16 and a beta of 0.97. The firm has a 50-day simple moving average of $31.26 and a two-hundred day simple moving average of $30.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. The firm had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $8.97 billion. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. During the same quarter in the previous year, the business posted $0.88 earnings per share. As a group, analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a $0.4269 dividend. This represents a $1.71 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, September 19th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research note on Wednesday, September 24th. Raymond James Financial restated an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. National Bankshares restated a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Finally, TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.00.

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).