Canadian Natural Resources Limited $CNQ Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC decreased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 90.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,210 shares of the oil and gas producer’s stock after selling 108,271 shares during the period. Stokes Capital Advisors LLC’s holdings in Canadian Natural Resources were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Canadian Natural Resources by 85.5% during the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock worth $557,000 after buying an additional 8,336 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Canadian Natural Resources by 92.7% in the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock valued at $896,000 after buying an additional 13,996 shares in the last quarter. Empowered Funds LLC grew its holdings in Canadian Natural Resources by 4.3% during the first quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock worth $2,445,000 after acquiring an additional 3,266 shares during the period. Geneos Wealth Management Inc. grew its holdings in Canadian Natural Resources by 47.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 528 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Canadian Natural Resources by 65.5% during the second quarter. EverSource Wealth Advisors LLC now owns 4,513 shares of the oil and gas producer’s stock worth $142,000 after acquiring an additional 1,786 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 0.5%

Shares of CNQ stock opened at $39.59 on Friday. The stock has a market cap of $82.17 billion, a P/E ratio of 11.82 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 fifty-two week low of $29.30 and a fifty-two week high of $51.34. The business has a fifty day simple moving average of $45.46 and a 200-day simple moving average of $41.91.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same period in the previous year, the firm earned $1.16 EPS. On average, analysts forecast that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio is 54.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their target price on Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, March 12th. ATB Cormark Capital Markets downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Royal Bank Of Canada raised their price objective on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources 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.