MGO One Seven LLC Acquires 5,123 Shares of Canadian Natural Resources Limited $CNQ

MGO One Seven LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 55.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,342 shares of the oil and gas producer’s stock after buying an additional 5,123 shares during the period. MGO One Seven LLC’s holdings in Canadian Natural Resources were worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in shares of Canadian Natural Resources by 29.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 43,968,120 shares of the oil and gas producer’s stock valued at $1,354,219,000 after purchasing an additional 9,915,345 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Canadian Natural Resources by 13.0% in the first quarter. Canada Pension Plan Investment Board now owns 41,769,153 shares of the oil and gas producer’s stock valued at $1,285,464,000 after purchasing an additional 4,805,451 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Canadian Natural Resources by 4.8% in the first quarter. Mackenzie Financial Corp now owns 33,100,240 shares of the oil and gas producer’s stock valued at $1,018,469,000 after purchasing an additional 1,519,523 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Canadian Natural Resources by 1.9% in the first quarter. 1832 Asset Management L.P. now owns 31,822,379 shares of the oil and gas producer’s stock valued at $980,129,000 after purchasing an additional 603,101 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Canadian Natural Resources by 86.6% in the first quarter. Bank of Nova Scotia now owns 24,262,707 shares of the oil and gas producer’s stock valued at $746,675,000 after purchasing an additional 11,259,267 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.4%

Shares of NYSE:CNQ opened at $30.10 on Friday. The business’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $30.85. 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 Limited has a 1 year low of $24.65 and a 1 year high of $35.93. The company has a market capitalization of $62.82 billion, a P/E ratio of 10.67 and a beta of 0.97.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The firm had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $8.97 billion. During the same period in the prior year, the company earned $0.88 earnings per share. On average, research analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were paid a dividend of $0.4269 per share. The ex-dividend date was Friday, September 19th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.42. This represents a $1.71 annualized dividend and a yield of 5.7%. Canadian Natural Resources’s dividend payout ratio is currently 60.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CNQ shares. Wells Fargo & Company raised Canadian Natural Resources to a “hold” rating in a research report on Thursday. National Bankshares reissued a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. TD Securities reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

About Canadian Natural Resources

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).