Fiera Capital Corp Has $43.84 Million Stake in Canadian Natural Resources Limited $CNQ

Fiera Capital Corp reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,293,745 shares of the oil and gas producer’s stock after selling 175,963 shares during the period. Fiera Capital Corp’s holdings in Canadian Natural Resources were worth $43,835,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CNQ. Capital Research Global Investors raised its holdings in Canadian Natural Resources by 31.5% during the fourth quarter. Capital Research Global Investors now owns 146,331,336 shares of the oil and gas producer’s stock worth $4,956,204,000 after buying an additional 35,067,143 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Canadian Natural Resources by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 93,305,198 shares of the oil and gas producer’s stock valued at $3,160,340,000 after buying an additional 818,809 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Canadian Natural Resources by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 42,745,981 shares of the oil and gas producer’s stock valued at $1,446,951,000 after buying an additional 1,342,954 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Canadian Natural Resources by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 20,518,621 shares of the oil and gas producer’s stock worth $710,119,000 after acquiring an additional 1,347,844 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Canadian Natural Resources by 1.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,308,539 shares of the oil and gas producer’s stock worth $484,344,000 after acquiring an additional 260,746 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 1.5%

Shares of Canadian Natural Resources stock opened at $46.37 on Tuesday. The firm has a market cap of $96.50 billion, a PE ratio of 13.84 and a beta of 0.45. Canadian Natural Resources Limited has a 1 year low of $29.30 and a 1 year high of $51.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. The stock has a fifty day moving average price of $46.73 and a 200-day moving average price of $41.10.

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 for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, June 23rd. Canadian Natural Resources’s payout ratio is presently 54.03%.

Analysts Set New Price Targets

CNQ has been the topic of several recent research reports. Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. ATB Cormark Capital Markets downgraded Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Weiss Ratings lowered Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada upped their price target on Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.