Canadian Natural Resources Limited $CNQ Stock Sold by Peak Financial Advisors LLC

Peak Financial Advisors LLC reduced its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,057 shares of the oil and gas producer’s stock after selling 16,068 shares during the period. Canadian Natural Resources comprises about 1.5% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Peak Financial Advisors LLC’s holdings in Canadian Natural Resources were worth $3,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Canadian Natural Resources by 10.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock worth $1,826,578,000 after purchasing an additional 3,397,500 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Canadian Natural Resources during the 1st quarter worth about $1,411,619,000. TD Waterhouse Canada Inc. grew its holdings in Canadian Natural Resources by 1.4% during the third quarter. TD Waterhouse Canada Inc. now owns 16,459,772 shares of the oil and gas producer’s stock valued at $784,278,000 after purchasing an additional 223,444 shares during the period. Amundi grew its holdings in shares of Canadian Natural Resources by 3.1% in the 2nd quarter. Amundi now owns 8,238,632 shares of the oil and gas producer’s stock valued at $325,426,000 after buying an additional 244,205 shares during the period. Finally, Swiss National Bank grew its stake in Canadian Natural Resources by 26.7% in the first quarter. Swiss National Bank now owns 7,011,862 shares of the oil and gas producer’s stock valued at $341,546,000 after acquiring an additional 1,475,500 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNQ shares. Raymond James Financial downgraded shares of Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 14th. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, August 7th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, October 9th. Finally, Wall Street Zen raised Canadian Natural Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $56.20 on Friday. Canadian Natural Resources Limited has a 12 month low of $30.13 and a 12 month high of $56.27. The firm has a fifty day simple moving average of $50.76 and a 200 day simple moving average of $45.85. The stock has a market capitalization of $115.49 billion, a price-to-earnings ratio of 13.88 and a beta of 0.53. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.32.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.15. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. The business had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $9.40 billion. Research analysts forecast that Canadian Natural Resources Limited will post 4.10 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a C$0.62 dividend. The ex-dividend date was Friday, September 11th. This represents a $2.50 annualized dividend and a dividend yield of 4.4%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.44%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. Its portfolio includes conventional and unconventional petroleum assets, heavy crude oil operations, and oil sands projects that produce bitumen and synthetic crude oil.

The company’s principal operations are located in Western Canada, including oil sands and conventional assets in Alberta and natural gas properties in Alberta and British Columbia.