Canadian Natural Resources Limited $CNQ Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 42.6% during the first quarter, HoldingsChannel.com reports. The firm owned 4,301,460 shares of the oil and gas producer’s stock after selling 3,194,318 shares during the period. Janus Henderson Group PLC’s holdings in Canadian Natural Resources were worth $209,462,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Personal CFO Solutions LLC boosted its holdings in Canadian Natural Resources by 1.7% in the 1st quarter. Personal CFO Solutions LLC now owns 15,199 shares of the oil and gas producer’s stock worth $747,000 after buying an additional 251 shares during the last quarter. Ted Buchan & Co increased its stake in Canadian Natural Resources by 0.6% during the 4th quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock worth $1,483,000 after buying an additional 260 shares in the last quarter. FDx Advisors Inc. raised its holdings 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 valued at $349,000 after acquiring an additional 270 shares during the last quarter. Peak Financial Advisors LLC raised its holdings in shares of Canadian Natural Resources by 0.3% during the first quarter. Peak Financial Advisors LLC now owns 93,840 shares of the oil and gas producer’s stock valued at $4,573,000 after acquiring an additional 290 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Canadian Natural Resources by 0.9% in the first quarter. Ritholtz Wealth Management now owns 32,763 shares of the oil and gas producer’s stock valued at $1,597,000 after acquiring an additional 301 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNQ has been the subject of several recent research reports. Weiss Ratings downgraded Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 16th. 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. Finally, Scotiabank upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Trading Up 1.7%

Shares of CNQ stock opened at $47.25 on Friday. The company’s 50-day moving average price is $43.70 and its 200-day moving average price is $43.68. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The stock has a market cap of $98.07 billion, a price-to-earnings ratio of 14.10 and a beta of 0.47. Canadian Natural Resources Limited has a twelve month low of $29.30 and a twelve month high of $51.34.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.57 billion. During the same period last year, the business earned $1.16 earnings per share. As a group, equities analysts predict that Canadian Natural Resources Limited will post 3.89 earnings per share for the current year.

Canadian Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.625 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.3%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 54.03%.

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.