Canadian Natural Resources Limited $CNQ Stock Holdings Boosted by Capital International Ltd. CA

Capital International Ltd. CA lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 34.4% in the 4th quarter, Holdings Channel reports. The fund owned 110,226 shares of the oil and gas producer’s stock after buying an additional 28,237 shares during the period. Capital International Ltd. CA’s holdings in Canadian Natural Resources were worth $3,733,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Ted Buchan & Co grew its position in shares of Canadian Natural Resources by 0.6% during the fourth quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock worth $1,483,000 after acquiring an additional 260 shares during the last quarter. FDx Advisors Inc. grew its position in shares of Canadian Natural Resources by 2.7% during the fourth quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock worth $349,000 after acquiring an additional 270 shares during the last quarter. Tacita Capital Inc grew its position in shares of Canadian Natural Resources by 6.1% during the third quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock worth $184,000 after acquiring an additional 330 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Canadian Natural Resources by 1.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 26,486 shares of the oil and gas producer’s stock worth $897,000 after acquiring an additional 330 shares during the last quarter. Finally, Rathbones Group PLC grew its position in shares of Canadian Natural Resources by 1.3% during the fourth quarter. Rathbones Group PLC now owns 26,308 shares of the oil and gas producer’s stock worth $892,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $45.74 on Monday. The firm has a 50-day moving average price of $46.78 and a 200 day moving average price of $41.01. The firm has a market capitalization of $95.20 billion, a PE ratio of 13.65 and a beta of 0.45. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. Canadian Natural Resources Limited has a 52-week low of $29.30 and a 52-week high of $51.34.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its 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 firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, sell-side analysts anticipate that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal 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 given a dividend of $0.625 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 5.5%. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.63%.

Analysts Set New Price Targets

CNQ has been the subject of several recent research reports. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. The Goldman Sachs Group increased their target price on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus target price of $57.00.

About Canadian Natural Resources

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.