Savant Capital LLC Sells 43,906 Shares of Canadian Natural Resources Limited $CNQ

Savant Capital LLC lessened its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 78.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,144 shares of the oil and gas producer’s stock after selling 43,906 shares during the quarter. Savant Capital LLC’s holdings in Canadian Natural Resources were worth $411,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Leonteq Securities AG bought a new position in shares of Canadian Natural Resources during the 4th quarter worth approximately $31,000. GoalVest Advisory LLC bought a new position in shares of Canadian Natural Resources during the 4th quarter worth approximately $32,000. LOM Asset Management Ltd bought a new position in shares of Canadian Natural Resources during the 4th quarter worth approximately $34,000. Quarry LP bought a new position in shares of Canadian Natural Resources during the 3rd quarter worth approximately $32,000. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of Canadian Natural Resources during the 4th quarter worth approximately $51,000. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CNQ shares. Royal Bank Of Canada boosted their price objective on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday, May 20th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Trading Down 4.0%

Shares of Canadian Natural Resources stock opened at $45.74 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. Canadian Natural Resources Limited has a 12-month low of $29.30 and a 12-month high of $51.34. The firm has a market capitalization of $95.20 billion, a price-to-earnings ratio of 13.65 and a beta of 0.45. The firm’s 50 day simple moving average is $46.78 and its two-hundred day simple moving average is $40.96.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the business posted $1.16 EPS. Analysts predict that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a $0.625 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.5%. Canadian Natural Resources’s dividend payout ratio is presently 54.03%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.