Life Cycle Investment Partners Ltd Acquires Shares of 84,874 Canadian Natural Resources Limited $CNQ

Life Cycle Investment Partners Ltd acquired a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 84,874 shares of the oil and gas producer’s stock, valued at approximately $2,873,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNQ. Leonteq Securities AG bought a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $31,000. GoalVest Advisory LLC bought a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $32,000. Quarry LP bought a new stake in Canadian Natural Resources in the third quarter valued at approximately $32,000. LOM Asset Management Ltd bought a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $34,000. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $51,000. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $48.67 on Monday. The firm has a market cap of $101.25 billion, a P/E ratio of 14.53 and a beta of 0.47. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. Canadian Natural Resources Limited has a 1-year low of $29.30 and a 1-year high of $51.34. The business’s 50 day moving average is $47.24 and its 200-day moving average is $40.00.

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 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 analyst estimates of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same quarter last year, the company earned $1.16 earnings per share. Equities research analysts predict that Canadian Natural Resources Limited will post 4.09 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.625 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.63%.

Analysts Set New Price Targets

Several research firms have issued reports on CNQ. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded Canadian Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday. Finally, The Goldman Sachs Group increased their target price on Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources 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.